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Target sets sustainability goals to pursue Energy Star for buildings
Minneapolis -- Target on Wednesday outlined a series of comprehensive sustainability commitments. The retailer set several key milestones for resource use, waste elimination and carbon footprint reduction, which the company aims to achieve by 2016, including earning the Environmental Protection Agency’s Energy Star designation for at least 75% of its buildings.
Target’s other 2016 goals are: -
Tempe Marketplace acquired in $280 million deal
Phoenix -- Vestar Development Co. and Rockwood Capital on Tuesday acquired Tempe Marketplace for $280 million by buying out an original partner. In conjunction with the closing, Tempe Marketplace received a new $200 million permanent financing package from GACC.
Vestar was the developer of Tempe Marketplace and had previously partnered with DLJ/Credit Suisse. Both Rockwood and Vestar made significant investments in the acquisition. Under terms of the deal, Vestar will be the managing partner.