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Owners urge sale of mall

AIKEN -- A change in ownership for the Aiken Mall apparently will be a friendly affair. Three days after Metropolitan Life Insurance Co. filed a foreclosure action for $29 million, the mall's owners have asked the court to go along with the request to sell the property. Attorney Frampton Toole III, representing the Aiken Mall Limited Partnership, filed the Pennsylvania-based partnership's one-sentence response to the lawsuit Thursday in Aiken County Court of Common Pleas. Mr. Toole said matters should proceed smoothly with both parties in agreement.

http://chronicle.augusta.com/stories/1998/01/09/met_220310.shtml
Metro
Foreclosure filed against Aiken Mall

AIKEN -- The ownership of Aiken Mall could change hands following a $29 million foreclosure lawsuit filed Monday in Aiken County Court of Common Pleas. The suit was filed by New York-based Metropolitan Life Insurance Co., which holds the mortgage, against Aiken Mall Limited Partnership, a Pennsylvania limited partnership. Zamias Services, headquartered in Johnstown, Pa., manages and owns Aiken Mall. President and Chief Executive Officer Damian Zamias didn't return a phone message left Monday.

http://chronicle.augusta.com/stories/1998/01/06/met_220138.shtml
Metro
Business briefs

U.S. factory orders grow in January WASHINGTON -- Orders to U.S. factories rose 0.5 percent in January, evidence the financial crisis in Asia has yet to hit the economy hard. But economists said the warning signs are there. "There has been some cooling off," said NationsBank economist Lynn Reaser. "I think we'll see more of the effect of Asia in the second quarter."

http://chronicle.augusta.com/stories/1998/03/06/bus_223590.shtml
Business
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