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CBL completes two dispositions for $151.5 million
Chattanooga, Tenn. -- CBL & Associates Properties announced that it has completed $151.5 million ($86.9 million at CBL's share) in dispositions in two separate transactions.
CBL and its 50/50 joint venture partner sold the Renaissance Center, a 363,000 sq. ft., community shopping center located in Durham, North Carolina.
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Sears Holdings obtains $500 million loan — with some help from Eddie Lampert
Sears Holdings Corp. announced it obtained a 15-month $500 million secured loan facility. ESL Investments, the company controlled by Sears chairman and CEO Edward Lampert, helped provide part of the loan and is entitled to related fees.
Sears said $250 million of the 15-month loan was funded on Friday with the remainder being accessible in the future.

