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.

Northwest Georgia’s Unemployment Rate Unchanged At 5.6 Percent In October

The Georgia Department of Labor announced on Thursday that the unemployment rate in the Northwest Georgia region in October was 5.6 percent, unchanged from September. The rate in October 2014 was 6.8 percent. While the rate was unchanged, the number of initial claims for unemployment insurance rose by 741, or 29.1 percent, to 3,291 in October. Most of the increase was due ... (click for more)

October 2015 County Unemployment Rates

County unemployment rates for October 2015, released Wedesday, show the rates decreased in 90 counties, increased in four, and remained the same in one county. Specific county information for October is available on the Internet .   Davidson County had the state’s lowest major metropolitan rate in October at 4.2 percent, down from September’s rate of 4.6 percent. Knox ... (click for more)

Darrel Jones, 43, Shot And Killed On Central Avenue

Darrel Jones, 43, was shot and killed on Central Avenue on Thursday afternoon. Chattanooga Police responded to the 3600 block of Central Avenue around 3 p.m. on a report of a shooting. They located a single victim, who  succumbed to his injuries on scene. Witnesses to the incident declined to cooperate with the investigation.  Investigators continue ... (click for more)

Family Escapes Early Morning House Fire

A home was damaged by fire early Thursday morning.  The Chattanooga Fire Department received a fire call at  3:48  a.m.  and responded to 1825 Dixon Street with four fire companies. The family inside the home was awakened by a passerby knocking at the door. All of them quickly made their way outside the home to safety.  Once firefighters ... (click for more)

An Extra Helping Of Gratitude

After being thankful for the grace of God, my family and good health, this year I have an extra helping of gratitude to live in a special place called Chattanooga.   We endured the trauma of terrorism on July 16 and emerged more united and stronger than ever before.  We claim our heritage and celebrate our diversity like no other city in America.  We honor our ... (click for more)

Roy Exum: Cometh ‘The Black Dog’

I am one of 350 million people in the world who suffers from clinical depression. The doctors trace it back to my first decade of the 21 st century when constant surgeries and infections knocked me loopy but the more I have found, I believe I am more like Sir Winston Churchill, Abraham Lincoln and pro football star Terry Bradshaw – I think I have had it all my life. Today it ... (click for more)