Plot Advanced in Kmart Real Estate Story
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Kmart (KMRT:Nasdaq - news - research) continued to make progress realizing value for its real-estate portfolio Monday, completing an agreement to sell 18 stores to Home Depot (HD:NYSE - news - research) for $271 million.
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Some stores could close, but popular merchandise could be more widely available in Arizona after Wednesday&#39;s announcement of Kmart Holding Corp.
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Kmart and Home Depot have finalized the terms of their deal which will see the sale of 18 Kmart stores to the home-improvement super chain for $271 million in cash.
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Developer that owns most of the Virginia neighborhood's commercial property is giving its shopping and entertainment center a new look.
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By Mike Rice, The Kansas City Star, Mo.  Dec. 9--Hunt Midwest Real Estate Development plans to build another large-scale residential and commercial development north of Missouri 152.
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The apparel specialist is on the block.
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Add Atlanta to the list of potential sites for Kmart Holding Corp.&#39;s new headquarters. The Troy-based company with about 2,000 corporate employees is looking for up to 300,000 square feet of office space, Atlanta media are reporting this week.
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Discount retailer Kmart Holding Corp. reported a third-quarter profit Wednesday, reversing a year-earlier loss, as asset sales and cost containment helped offset a further decline in sales.
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Kmart is considering moving its Michigan headquarters and bringing up to 1,000 white-collar jobs to metro Atlanta, people familiar with the situation said Thursday.
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Description: NPR&#39;s Liane Hansen speaks with retail analyst Lois Huff about last week&#39;s announcement of warehouse giant K-Mart&#39;s intent to purchase the aging department store Sears.
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Credit investors found it difficult to muster much joy over Kmart Holding Corp.&#39;s (KMRT.O: Quote, Profile, Research) plan to buy Sears, Roebuck &amp; Co.
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Shares of Kmart Holding Corp. surged 17 percent Monday after the discount retailer reported a profit for the second quarter and said chairman and majority owner Edward Lampert is now free to invest the company's &#36;2.6 billion in surplus cash.
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In the last two years a building on Fifth Avenue and 44th Street sold for $218 million, then $420 million. And now itÂs for sale again.
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Kmart finalizes a revised deal worth $271M, has an option to sell another store to Home Depot. NEW YORK  - Kmart finalized Monday a deal to sell 18 of its stores to Home Depot Inc.
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Kmart Holding Corp. has finalized the sale of 50 of its stores to Sears, Roebuck and Co. for $575 million, the retailer said Wednesday.
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Kmart Holding Corp. will sell 18 stores to Atlanta-based The Home Depot Inc. for $271 million. Home Depot had previously agreed to buy up to 24 Kmart (Nasdaq: KMRT) stores for a price of up to $365 million.
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Retailer Kmart Holdings Corp. KMRT.O  on Monday finalized a deal to sell 18 of its stores to Home  Depot Inc. HD.N for $271 million.