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PriceSmart profit, sales up in Q3
San Diego -- Warehouse club operator PriceSmart reported Thursday that net income for the quarter ended May 31 rose to $16.3 million, compared with $12 million in the year-ago period.
Sales surged 23.6% to $421.6 million, from $341.2 million.
The company had previously announced it acquired 131,524 sq. ft. of land in Cali, Colombia, upon which it will build its second warehouse club in Colombia.
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Texas mall receives LEED Silver designation
Corpus Christi, Texas -- Trademark Property said Thursday that its La Palmera shopping center has been awarded Leadership in Energy and Environmental Design (LEED) Silver for Core and Shell 2.0 established by the U.S. Green Building Council.
Acquired in partnership with International Mall Investors in July 2008, the 1-million-sq.-ft. regional mall located in Corpus Christi is the first in the U.S. to receive the designation.