Lebovitz Says Macy's Not On Horizon At Hamilton Place

But CBL Continues To Update Its Properties

Wednesday, January 16, 2008

A Macy's is not on the horizon at Hamilton Place Mall for the near future, but CBL & Associates is continuing to update the mall and its holdings that now are scattered in 27 states, Alan Lebovitz told the Hixson Chamber of Commerce on Wednesday.

"We are not going to get a Macy's any time soon," said Mr. Lebovitz, whose grandfather started the Chattanooga-based firm that has grown to a $10 billion conglomerate.

He noted that Hamilton Place once had six anchor department stores and is down to four.

Mr. Lebovitz said the closing of the theatre inside the mall will be followed by the move of Barnes and Noble Booksellers in that spot as well as a new restaurant.

He said CBL is continuing to look for ways to update its properties, noting that the firm took an old drug store space in the Hamilton Place area and replaced it with Coldwater Creek and other popular new stores.

Katie Reinsmidt, who was recently promoted to director of corporate communications and investor relations for CBL, told the club that the firm is now involved in overseas ventures.

She said one in Brazil is well placed since there recently was a huge discovery of off-shore oil nearby.

Another is in China, she said.

Ms. Reinsmidt said Hamilton Place may be getting a facelift. She said CBL likes to update its properties every 8-10 years.

CBL now has 162 properties, including 84 shopping centers.

Mr. Lebovitz said the family got into the shopping center business by accident. He said his grandfather was in the movie business, and sold his theatres - except for a drive-in at Brainerd that had a damaged screen.

He said his grandfather wound up developing Eastgate Mall at that site.

Mr. Lebovitz, who works in the expansion portion of the business, said the firm is continuing to "look for new deals and to grow."

He said as shopping centers change, CBL is adapting. One new property, he said, will include a hotel, 80,000 square feet of office space, 200 apartments/condos, and 700,000 square feet of retail.

"It's very exciting to try something different," he said.


World's Largest One-Day Simulcast Leadership Conference Returns To Cleveland

Leadercast, the world’s largest one-day leadership conference, will be broadcast live from Atlanta and simulcast to hundreds of locations around the world on May 6. This year marks the 16th year of the annual leadership conference and the fourth year that the Cleveland/Bradley Chamber of Commerce and People for Care and Learning will host the event at First Baptist Church.   ... (click for more)

BEST/MATRR Officials Say "TVA Wastes Their Time And Our Money"

TVA Wastes Their Time and Our Money Bellefonte Efficiency and Sustainability Team/Mothers Against Tennessee River Radiation, a chapter of Blue Ridge Environmental Defense League, presented a report on Friday showing TVA’s "waste of money on nuclear power."   The group called for a withdrawal of the operating license for Bellefonte nuclear power plant in Hollywood, Ala.  ... (click for more)

Texas Man Charged With Cutting Hole In Charleston Piggly Wiggly; Removing Heavy Safe

Warrants charging a Texas man with the Jan. 25 burglary of the Piggly Wiggly Grocery Store in Charleston, Tn., have been issued in Bradley County. Through a forensic examination of items that are connected to the burglary, Christopher Lee Chambers, 29, of Mabank, Tex., was identified as a suspect in the burglary and is named on warrants charging him with burglary and theft ... (click for more)

Couple In Small Plane Make Emergency Landing On Highway 27 North Of Dayton

Tom Webb and his fiancée were traveling from Pigeon Forge to Winchester when, at 5,500 feet, they experienced engine trouble. They lost their engine and had to make an emergency landing on Highway 27 north of Dayton. They landed safely and were able to push the plane off the road with help from the Rhea County Sheriff's Department. The incident happened around 7 p.m. on ... (click for more)

Alexander And Corker Need To Talk Sense To Their Leadership

Alexander and Corker really need to talk some sense to their leadership  So a Supreme Court Justice dies and before the POTUS can even come up with a list of replacements, Mitch McConnell states the Republican Senate will not seat Obama's replacement. Why? Because they want to throw a hissy fit.  For 240 years the Senate has done their constitutional duty and has ... (click for more)

Roy Exum: Evaluators Earn $11.70

A number of curious job notices, under the heading of ‘General Labor,’ have appeared on various Craigslists, that free Internet portal where you can find everything from a used lawn tractor, guitar lessons or even a saucy Saturday night date. This week on the Charlotte, N.C., Craigslist, for example, there appeared an offer to become a “reader/evaluator” for a company known as Measurement ... (click for more)