New York City

Rouse Properties Refinances Valley Hills Mall for $68.0 Million - Generates $15.0 Million in Net Proceeds - NEW YORK--(BUSINESS WIRE)-- Rouse Properties, Inc. (NYS: RSE) , a national owner and operator of enclosed regional malls, today announced that it closed on a new $68.0 million mortgage loan secured by Valley Hills Mall. The CMBS non-recourse loan bears interest at a fixed rate of 4.47% and matures in ten years. Net proceeds to the Company after related closing and defeasance costs were approximately $15.0 million. This asset was previously financed with a $51.4 million mortgage loan at an interest rate of 4.73% and with a maturity of March, 2016. "The refinancing of Valley Hills Mall is our sixth individual mall financing completed since our formation in early 2012. Lenders continue to respond positively to our leasing and asset reinvestment strategy, as we continue to unlock the inherent value that exists throughout our portfolio" said John Wain, chief financial officer of Rouse Properties. "With this transaction, we continue to execute on our ongoing refinancing strategy. Since our formation, our refinancings have not only extended our maturity ladder and reduced interest rates, but have resulted in aggregate net proceeds to the Company of approximately $62 million." Valley Hills Mall is located in Hickory, North Carolina and is the only enclosed mall within a 40-mile radius. The mall is the dominant shopping center along the region's main retail corridor off US Highway 70 near the intersection of I-40 and US-321, serving a 400,000 person trade area. Built in 1978 and remodeled in 2001, the 933,668 square foot enclosed mall is anchored by Belk, Dillard's, JC Penney and Sears. The merchandising mix includes national tenants such as American Eagle Outfitters, Bath and Body Works, Buckle, Journeys, Justice and Victoria's Secret. Hickory is the primary city within the Hickory-Lenoir-Morganton Metropolitan Statistical Area (MSA) in western North Carolina, and boasts a rich manufacturing history, producing approximately 60% of the furniture in the United States. In recent years, manufacturers of high tech cabling and data processing centers have established large presences in the market, making it a global leader in fiber optic cable manufacturing. Google recently announced a $600 million expansion to its data center in the Valley Hills market, and Apple completed construction in 2011 of a $1 billion data center just south of the mall. Additional Information The Company has posted on its website an updated Corporate Profile presentation. About Rouse Properties Rouse Properties, Inc. (NYS: RSE) is a publicly traded real estate investment trust headquartered in New York City and was founded on a legacy of innovation and creativity. Among the country's largest publicly traded regional mall owners, the Company's geographically diverse portfolio spans the United States from coast to coast, and includes 32 malls in 20 states encompassing approximately 22.5 million square feet of space. For more information please visit: www.rouseproperties.com. Rouse Properties, Inc.Investor Relations, 212-608-5108IR@rouseproperties.comKEYWORDS:   United States  North America  New York  North CarolinaINDUSTRY KEYWORDS:

RT @YukaYoneda: #CitiBike Could Expand Earlier to #Greenpoint and #LIC to Alleviate G Train Shutdown

Brad Pitt and Angelina Jolie’s 11-year-old son had a rather controversial role in his father’s upcoming movie, “World War Z” that has everyone talking about whether it might have been a role that was “too violent” for the youngster. Brad explains that his son gets “shot in the head” while playing a Zombie in the film. Here’s what we’re reading: Maddox Jolie-Pitt makes a violent cameo in his father Brad Pitt’s new zombie movie, World War Z. At the film’s premiere in New York City June 17, the engaged father of six revealed his “oldest boy” makes his feature film debut in the Marc Forster-directed apocalyptic horror movie. “He gets shot in the head . . . multiple times. But he gets double tapped,” Pitt said of Maddox. Angelina Jolie’s fiance joked, “I don’t know what that says about me as a parent.” Pitt said his sons Maddox, 11, and Pax, 9, “have already seen it and they love it.” Hmmm… what do you think, Babyrazzi readers? Photos by FameFlynet BabyRazzi on Facebook and Twitter

The Machine has been looming ever since they gave word the third Slaughterhouse album was in the works. We recently heard from araabMUZIK that he was working side by side with Just Blaze on the project. However, it’s now been revealed that J.U.S.T.I.C.E League is added to the mix and in addition to that, Just Blaze is at the helm of the forthcoming body of work as the executive producer. Read the press release from Shady Records below. The Core Four are spending the month of June in a secret location in New York City cooking up something new with a team of producers including the J.U.S.T.I.C.E. League, Araab Muzik and Just Blaze. Just Blaze is set to serve as the album’s Executive Producer. The collaborative approach — everyone has been working in the studio at the same time with the hand selected top-notch production squad — has the House Gang feeling great about the album’s prospects. “I’m really excited about doing things a different way this time around”, says Joe Budden. This isn’t a send-tracks-around, and everyone-records-in-their-own-studio type of album. Joell Ortiz said that he is happily looking forward to the process as well: “The creative being creative! Fun, fun fun!” Royce Da 5’9” added that “everyone is in the perfect space, mentally. It feels great to be back in the studio with the guys and I think that I can speak for everyone when I say that we just wanna make an album that will stand the test of time and mean sum’n to Hip-Hop.” The post Slaughterhouse Appoints Just Blaze Executive Producer Of New Album appeared first on DDotOmen.

Reader DK writes in about the death of one of the Times Square area's last seedy blocks, West 40th Street between 8th and 9th Avenues, across from the Port Authority bus terminal.before He says: "what used to be such a proud block:$1 pizza • dive bar • secret afterhours • parole bldg • alley • porn • tranny bar • dance studio • rehearsal space • porn • chinese • liquor • pornis transforming into this:7/11 • hotel • hotel • hotel • parking • condos • condos • sports bar • gym • bank"after: with another new building behind itDK was living in 306 West 40th when the building next to his, 308 West 40th, was demolished.There's not a lot of history to find on this building, but there is a bit. In the 1990s, New York artist Bill Sullivan ran a small press from #308, publishing many gay and lesbian writers. The first floor was home to A&S Magazines, where (said New York magazine) "owner Kurt Westphal sits strumming his guitar among some 925,000 magazines, some of which date back to the 1920s."The building was sold in 2007 to Sam Chang, the prolific hotelier, and the spot is to become a 14-story, 53-room hotel. It's hard to imagine another hotel being necessary on a block recently loaded with hotels.the hotel encroachment on the block DK says #306 is probably next for the wreckers. I went in to check out the XXX business on the first and second floors. Upstairs, a crowd of hustlers wait around the buddy booths, all men of color. "Wassup," they say, sizing up every potential trick. "Wassup."Downstairs are rubber toys and the nastiest DVDs you can imagine--I won't go into the details--along with a trio of booths containing LIVE GIRLS. This is a true rarity. Sadly, when I was there, the Live Girl was out to lunch. But the sign over the booths is priceless.It reads: "This form of entertainment is purely a fantasy and should not be taken in any other way. Everything said and performed in the booth is just a pretend fantasy and should not be taken with any seriousness or reality. Enjoy your fantasy. May it be a good one." DK wrote up the following description of the block, the buildings, and the working girls who've made it their place of business:to the ladies on my block, it was their workspace. my building is next. they use the porn store below as a home base of sorts and the hallways up by me as a "break room." when my building is gone, they'll have no space left. so they're all planning on converting from outdoor to indoor ho's. there aren't a lotta their type left. most of the streetwalkers went online in the mid 2000s. they're the last of a dying breed.Nietzche the ho is the oldest. i don't know her age. i'd guess late 40s but she looks older. she's got a really dry blond perm. kinda looks like a dolly wig that was left in the desert. she has a funny superstition. she doesn't verbalize anything negative. if she has anything bad or negative to say, she either simply doesn't say it or if she has to say it she'll write it down. so it's kinda funny, cause she looks, frankly, very tired and grouchy all the time. but the words that come out of her mouth are anything but.she doesn't like the "change," she doesn't want to go online for work. she prefers the streets. i know this because she asked me to show her how craigslist and other online adspace worked and she grew uncharacteristically silent to the point where she wasn't even paying attention. she was kind of staring into space and muttering under her breath. so i stopped my lessons and said "OK. i know you aren't trash-talking my lesson under your breath, so what is it? i know this is upsetting having to change your way of life, but..." she interrupted, "no, that's not it." well, what is it? but of course she wouldn't verbalize it. so finally i made her type it and she typed this: "2 cops i didn't know wanted me to suck for free. i said no. one pushed me down. so i bit him. but then he choked me and i passed out."i asked her where she woke up and she went back to speaking: "in the conta

Procter & Gamble Launches Largest Consumer Event in Company's 175 Year History Everyday Effect of P&G Products Demonstrated, Live, On Streets of New York CINCINNATI--(BUSINESS WIRE)-- Today Procter & Gamble (NYS: PG) will leverage the world's biggest stage -- New York City -- to share the power and meaning of its brands as part of its new campaign, The Everyday Effect. Through the largest consumer event in the company's 175 year history, P&G will serve the daily needs of New Yorkers and demonstrate how P&G products make everyday life better. The results will be broadcast to the rest of the country, live, through on-the-ground reports, social media updates and content featured across PGEveryday.com/EverydayEffect, Twitter (#EverydayEffect) and Facebook.com/PGEveryday. P&G brands participating in the #EverydayEffect Live From New York event include Cover Girl, Gillette, Duracell, Pampers, Old Spice, Febreze and Crest. More than 40,000 products representing 25 P&G brands are being distributed throughout Manhattan at the moments people need them most, including Scope mouthwash for coffee drinkers, Febreze car vent clips for taxis and Iams dog treats for pet lovers. These city-wide events will enable people to directly experience the everyday effect, benefits and superiority of P&G products, including: The delivery of everyday confidence through free barber, salon, personal care, make-up and nail services at multiple locations. P&G brand ambassadors canvassing the streets of Manhattan with free pedicab rides, product samples, brand giveaways and high-value coupons. Special deliveries by Pampers and appearances by the Charmin Bears, Old Spice and more. The P&G Innovation Center at Herald Square highlighting the company's 175 year history of innovation and broadcasting the #EverydayEffect Live events taking place in the city. "We're making a deliberate effort to demonstrate to consumers how our brands improve their everyday life in small yet meaningful ways," said Melanie Healey, P&G North America Group President. "Regardless of a person's unique challenge or need, P&G products provide daily benefits that improve quality of life - whether it's helping newborns and their parents get a good night's sleep or getting college students ready for life away from home, or simply getting that boost of confidence because of a clean shave, beautiful skin or a beautiful white smile. By providing innovative solutions to the challenges and needs faced in everyday life, P&G brands can help consumers in so many different but important ways. That's what we call the P&G 'Everyday Effect'." The New York event is part of a series of activities, programming and social media videos supporting the roll out of P&G's Everyday Effect campaign. Activities taking shape around the world include consumer events, retail partnerships, in-store displays and brand-focused "experiment" videos showcasing the everyday effect of using P&G products. Social media assets will be distributed and available across P&G social media channels in the U.S., Japan, China, Mexico, Germany and Brazil. "For more than 175 years P&G has been innovating for the seemingly ordinary and we can't wait to demonstrate the true power of P&G products on the streets of Manhattan," said Jodi Allen, P&G's Vice President of North America Marketing and Brand Operations. "Those outside New York will also have the ability to experience the superiority and benefits of P&G products through social media opportunities on June 19." To support The #Everyday Effect Live event in New York, followers of the @PGEveryday Twitter handle have random opportunities on June 19 to win $100 worth of product from the P&G eStore. Visitors to P&G brand experiences throughout the city are also be encouraged to tweet photos using the #EverydayEffect hashtag for the chance to win a

Check out some cool shots of Madonna arriving at the world premiere of Madonna : The MDNA Tour with Epix, Dolce & Gabbana and The Cinema Society at the Paris Theater in New York City last...

BY JIM FITZGERALD, ASSOCIATED PRESSA woman from the ritzy New York City suburb of Scarsdale who is accused of raising thousands of marijuana plants was compared Tuesday to Colombian cocaine lords.More...

Madonna attended the Dolce & Gabbana and The Cinema Society screening of the Epix world premiere of ‘Madonna: The MDNA Tour’ at The Paris Theatre in New York City on Tuesday evening. Ensuring that no one would upstage her at her own event, the singer wore a Dolce & Gabbana three-piece suit accented with David Yurman black-onyx and diamond cufflinks. The suit was styled with an ivory waistcoat and bow-tie, complete with a chic top hat and yellow flower pinned to her lapel. I’m not sure if it was an ode to Michael Jackson, but Madonna wore a Jacob & Co. diamond mesh glove which features over 17 carats of round white diamonds set into a white-gold mesh design. A faux bob and bold red lip colour completed her look. I have to say it’s one of the best suits we’ve seen this week. Does she deserve a place in the BDOTW menswear poll, or is this look too gimmicky for you? Credit: Getty The post Madonna In Dolce & Gabbana – ‘Madonna: The MDNA Tour’ Screening appeared first on Red Carpet Fashion Awards.

Hi ITG Readers, You may have seen me pop up on here a few times (I dyed my hair pink, got false eyelashes put on me, braided my hair into a beard, and sometimes show up in the team’s Instagrams). But I am here to tell you about my prom last Friday in New York City. This being my first one, I didn’t have any idea of what to expect since everything I knew, or imagined, about prom came from movies or TV. Meaning: bowls of punch, some sort of choreographed dance number, pig’s blood, and Marty McFly (see below). So why am I telling you this? Because when I told Emily I was going to my first-ever prom, she basically squealed and told me I had to write something about it for ITG. So… this is my prom: Every year, the seniors vote on the place they want their prom to take place. (I’m only a sophmore, so I had no say in the decision, but my boyfriend, Eli, did.) The winning location: the Hudson River. I wish I could tell you that I went to prom in a super-secret glass-cube club that’s safely submerged in the Hudson River, but I can’t—we were on an old-fashion river boat. This, luckily, didn’t put any limitations on hair, makeup and outfit choices, as might have been the reality of the whole underwater cube-club idea. About two months ago, I asked my mom, Jeanine, who you guys probably know, about a dress. She told me that we would figure it out and not to worry. I let her do her thing. I wasn’t actually worried, more just excited to see what she was going to do. Like any mother would, she called up Natalie Portman to see if there was anything I could borrow (sarcasm intended: Natalie has become a family friend, thanks to years of my mom doing her makeup). She did. The day of prom—the same day as my physics final, ugh—I got ready with my friend Hazel. This consisted of ideating on worst-case scenarios and eating Trader Joe’s microwave tamales. I was afraid of falling off the boat, or somehow getting left behind on the boat and then being dragged to another school’s prom. After eating too much, we got ready to go. My mom did my makeup and assisted with my hair. Makeup-wise, I wanted to basically look like a cleaned-up version of myself. (It had been finals week, so I was wearing sweatpants, no makeup, and yelling a lot in school.) We used a Tom Ford Silverized Topaz Eye Color Quad, Chanel blush, and lots and lots of Chanel Inimitable mascara. My dress was a greyish black color, made of layered tulle and strapless. It was tight on the top and then poofed out and ended just above the knee. It was by Lanvin, and it was gorgeous. At 6 PM, my boyfriend came over to pick me up. I had ordered him a boutonniere the day before from a flower shop, which thankfully looked beautiful (the clerk had asked me something about “bling,” which I politely declined—the thought of a bedazzled orchid concerned me). I wasn’t sure how to put it on, so my dad had to fasten it on my date’s blazer. This would have been extremely embarrassing and a night ruin-er if my life were a 1980s film, but (unfortunately) it is not, so it was all good. I decided to wear my mom's crystal Valentino sandals because I was not going to be able to walk around in heels all night and feared that I would trip and become a trending gif on tumblr. We got to the boat with a small umbrella (it was sprinkling), and boarded. Somehow, we managed to be early, but the staff let us on. Inside, there was a lineup of soft drinks, which all tasted like every soda and juice mixed together in a glass. (None were actually that bad, but I was frazzled and needed something to complain about.) For some completely pop-culture-inspired reason, I expected lots of paper-mache decorations and streamers—reality: balloons!—and, I sincerely hoped, a live band! No such luck. The rest of the night consisted of lots of dancing (I basically became Rihanna), food (a lot of pasta, which I indulged in happily), about 1,000,000 photos, and, of course, many more selfies. Also of note: no slow song! I was okay with it, tho