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Passco acquires Shoppes at Coronado Place I
Kansas City, Mo. -- Irvine, Calif.-based Passco Cos. announced it has completed the acquisition of Shoppes at Coronado Place I, a 14,534-sq.-ft. strip center in Blue Springs, Mo., two miles from downtown Kansas City.
The purchase price was $4.3 million.
The property is across the street from a Wal-Mart, Home Depot and the new 600,000-sq.-ft. Adams Dairy Landing power center, anchored by Target.
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Wal-Mart assessed $4.83 million in back wages, damages
Bentonville, Ark. -- The U.S. Department of Labor’s Wage and Hour Division has ordered Wal-Mart Stores Inc. to pay more than $4.8 million in back wages and damages to some 4,500 employees nationwide.
The assessment follows a departmental investigation of the retailer that uncovered violations of the federal Fair Labor Standards Act's overtime provisions.
Wal-Mart has been assessed another $463,815 in civil money penalties.