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Fairlane Village Mall, Pottsville, Pa.
When North Plainfield, N.J.-based Levin Management took over as leasing and managing agent for Fairlane Village Mall – located in Pottsville, Pa. – in 2006, the impending economic downturn, a likely 80,000-sq.-ft. vacancy and growing industry consensus that the days of the small-market malls were numbered created a perfect storm of challenges.
Six years later, the 405,000-sq.-ft. property serves as a repositioning benchmark. Its success story is underscored by the March 2012 opening of Kohl’s and the impending arrival of Michaels later this year.
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Wal-Mart penalized $2.1 million for overcharging California customers
Bentonville, Ark. -- A state attorney for California said Wednesday that Wal-Mart has agreed to pay a $2.1 million penalty for overcharging customers in the state.
Wal-Mart is being penalized for charging prices higher than those posted, violating a 2008 judgment for it to halt the overcharging.
