Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, February 13, 1992 TAG: 9202130380
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
IN BUSINESS
Carilion buys office building in RoanokeCarilion Health System has bought the building housing its corporate offices at 1212 Third St. S.W., Roanoke. The health care facilities company paid $1 million for the property and the seller will receive credit for making a tax-deductible gift worth half again that amount because Carilion is a non-profit company.
The two-story building is appraised at $1,550,000, said J.B. Goria, the real estate broker who handled the sale.
The former owner is the Rosenberg Family Fund Limited Partnership, a San Francisco firm led by Dr. Milton Rosenberg, Goria said.
Carilion is parent of Roanoke Memorial Hospitals, including Community Hospital of Roanoke Valley, and a chain of Western Virginia hospitals. It has operated its executive offices there for two years, having leased the 26,000-square-foot building with an option to purchase it. The building, about 25 years old, formerly was used by Blue Cross and C&P Telephone Co.
- Staff report
Sears to eliminate 600 more jobs
CHICAGO - Sears, Roebuck and Co. said Wednesday it will eliminate 600 jobs by mid-April in a reorganization of its regional retailing management staff aimed at saving $50 million by next year.
Sears also said it expects to cut some jobs in its Chicago headquarters later this year after completing a study "to determine the best organizational structure in the highly competitive retail environment."
The company said it will implement pay changes on March 1 for some salespeople who work on commission. That would include people who sell such big-ticket items as refrigerators and furniture.
Sears has cut or announced plans to cut 40,000 jobs from its retail operation since 1990 and has forecast savings of $750 million this year from those reductions.
The company said it will close its 10 regional offices and 26 of its 72 merchandising district units by mid-April. - Associated Press