Tax Judge Slices $850M Off American Dream Mall’s Valuation, Reports Say
A New Jersey tax court judge has slashed the assessed value of the American Dream megamall in East Rutherford by $850 million, marking a nearly 50% drop this year alone, Bloomberg reports.
The ruling made last Thursday, July 31, brings the property's 2025 valuation to $1.65 billion, down from the $3.3 billion figure earlier this year. The initial $800 million cut came in March, followed by this latest reduction, according to CoStar.
The move represents a win for Triple Five Group, the mall's owner, which has long argued that the complex was overvalued, Bloomberg said. However, the dec…
29 People Injured, Forcing Recall Of 'Burst-Proof' Garden Hoses
More than 3.5 million garden hoses are being recalled after they suddenly burst, injuring nearly 30 people.
Winston Products issued the recall for about 3.6 million HydroTech expandable garden hoses, the Consumer Product Safety Commission said on Thursday, July 24. The hoses were marketed as "burst-proof," but they can rupture, causing an impact hazard and, in some cases, temporarily impairing hearing.
The company reported at least 222 complaints of hoses bursting. At least 29 people suffered injuries, including a bone bruise, two sprains, and five people who reported hearing…
Walmart Just Crashed Prime Day’s Party With Its Biggest Summer Sale Yet
Move over, Prime Day. Walmart is heating up July with a big summer sale.
The six-day Walmart Deals summer savings event kicks off online at 12 a.m. EDT on Tuesday, July 8, and runs through Sunday, July 13, both online and in-store. While Walmart+ members get early access starting Monday, July 7 at 7 p.m. EDT, shoppers looking for a head start can also check out Walmart’s July 4th sale, already live with early savings on tech, summer gear, and more.
Walmart’s deals span a wide range of everyday categories, including home goods, school supplies, beauty, toys, and fashion. And, unlike Amazon’s…
