User:Aspifi/sandbox3
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===Decline and mall closure=== |
===Decline and mall closure=== |
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In 1998, Georgetown Park Associates – an affiliate of Western Development Corporation – sold the property to a company controlled by [[AEW Capital Management]] but retained a "right of first offer" to repurchase the mall. Anthony Lanier of EastBanc, Inc., another developer, claims Miller sold that right to EastBanc in 1998 in exchange for a 7.5% stake in the mall. Miller claimed the right had expired in May 2002. EastBanc sued Western in 2006, and Western moved to repurchase the property on its own in 2007, suing EastBanc and Lanier personally for malicious filing.{{cite news|url=http://www.bizjournals.com/washington/stories/2009/08/03/newscolumn3.html |title=Bye-bye Bloomingdale's |publisher=Washington Business Journal |date=2009-07-31 |access-date=2009-09-09 |first=Melissa |last=Castro}} |
In 1998, Georgetown Park Associates – an affiliate of Western Development Corporation – sold the property to a company controlled by [[AEW Capital Management]] but retained a "right of first offer" to repurchase the mall. Anthony Lanier of EastBanc, Inc., another developer, claims Miller sold that right to EastBanc in 1998 in exchange for a 7.5% stake in the mall. Miller claimed the right had expired in May 2002. EastBanc sued Western in March 2006, and Western moved to repurchase the property on its own in March 2007{{Cite web |title=NEWS FLASH: HERB MILLER BUYS GEORGETOWN PARK; LANIER TELLS US GOOD! |url=https://www.bisnow.com/vancouver/news/commercial-real-estate/NEWS-FLASH-HERB-MILLER-BUYS-GEORGETOWN-PARK-LANIER-TELLS-US-GOOD-12639 |access-date=2026-04-25 |website=Bisnow |language=en}}, suing EastBanc and Lanier personally for malicious filing.{{cite news|url=http://www.bizjournals.com/washington/stories/2009/08/03/newscolumn3.html |title=Bye-bye Bloomingdale's |publisher=Washington Business Journal |date=2009-07-31 |access-date=2009-09-09 |first=Melissa |last=Castro}} |
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[[Chez Mama San]] and [[Sharper Image]] closed in 2007 and 2008, respectively.{{Cite web |date=2010-01-22 |title=All the Closings and Openings from 2009 |url=https://georgetownmetropolitan.com/2010/01/22/all-the-closings-and-openings-from-2009/ |access-date=2026-04-23 |website=The Georgetown Metropolitan |language=en}} |
[[Chez Mama San]] and [[Sharper Image]] closed in 2007 and 2008, respectively.{{Cite web |date=2010-01-22 |title=All the Closings and Openings from 2009 |url=https://georgetownmetropolitan.com/2010/01/22/all-the-closings-and-openings-from-2009/ |access-date=2026-04-23 |website=The Georgetown Metropolitan |language=en}} |
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