THOR TO ACQUIRE MALL: Thor Equities, a fast-growing New York-based developer, acquired Tri-County Mall, a 1.3-million-square-foot regional center in Springdale, Ohio, a suburb of Cincinnati. Tri-County, anchored by Lazarus-Macy’s, Dillard’s, Sears and Penney’s, becomes Thor’s largest asset. It was purchased for $180 million and Thor plans to invest $15 million on improvements. Thor has a retail, office, and residential portfolio totaling about six million square feet and valued at more than $1.4 billion. The company specializes in urban and inner-city projects and has purchased properties in New York, Chicago, New Orleans, Philadelphia, Atlanta, Detroit, Puerto Rico, Cincinnati, and Norfolk, Va.
OAKLEY CFO EXITS: Tom George, Oakley Inc.’s chief financial officer for the last seven years, has resigned to work for a private company in San Diego. The Foothill Ranch, Calif.-based sunglass and apparel maker said chief operating officer Link Newcomb will take on George’s responsibilities during the search for a replacement. Newcomb was Oakley’s cfo from 1995 to 1997, when he was appointed to his current position. Oakley finished last year on a strong note. Sales climbed 11 percent to $585.5 million from $528 million. Net income rose 9 percent to $41.6 million, or 61 cents a share, from $38.2 million, or 56 cents per share the year before.