FINANCE

Unsecured creditors seek quick liquidation of former sporting goods giant

BY CSA STAFF

Unsecured creditors of Sports Authority said in court papers that the bankrupt retailer should not waste its dwindling funds preparing a plan to end its Chapter 11.

The unsecured creditors argued the company, which filed Chapter 11 in March, is "administratively insolvent," meaning it cannot even pay the cost of running its bankruptcy case, Reuters reported.

The creditors want to convert the case to a quick liquidation, the report said.

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REAL ESTATE

Bayer tapped to manage Branson Landing

BY Al Urbanski

HCW has named Bayer Properties to manage Branson Landing, the 95-acre mixed-use development in Branson, Missouri, that is home to the town’s convention center, Hilton Hotel, and in excess of 450,000 sq. ft. of retail and entertainment space.

Branson Landing is situated on 1.5 miles of Lake Taneycomo waterfront and its boardwalk, live entertainment, and nightly fire and water show are a big draw for the 8 million or so tourists who visit the town annually.

Other properties managed by Bayer include Bridge Street Town Centre in Huntsville, Alabama, Indian River Mall in Vero Beach, Florida, and the Summit Reno-Lake Tahoe.


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DEVELOPMENT/REDEVELOPMENT

Mandese named to direct Gainesville redevelopment

BY Al Urbanski

Central Florida developer Butler Enterprises named Joey Mandese its director of development. He will oversee all elements — from design through construction–of the redevelopment of Butler Town Center, a Main Street-style, mixed-use complex going up in Gainesville.

Formerly the owner of a construction business in Gainesville, Mandese studied architecture for two years before earning a degree in building construction and the University of Florida.

"Joey's strong sense of architecture and vast professional experience as one of the region's top general contractors create a perfect combination to oversee our Butler Town Center says Deborah Butler, president of the project’s developer, Butler Enterprises.

Set to open in fall 2018, the redevelopment of Butler Town Center, a 40-year-old, 267-acre complex, will feature enhanced amenities and architecture, as well as new-to-market shops, restaurants, and entertainment.

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