Daily News from New York, New York • 63

"I just have the feeling that maybe Hollywood needs some outsiders to bring back decency and good taste to some Ronald Reagan BOW JQNES Down 5.94 Thursday, October 26, 1989 63 crp Japanese press cites Bloomie's deal an said it was aware of the report. She said it was probably the first report "of many that will fly around during the sale process." Bloomingdale's Chairman Marvin Traub, who already has declared his interest in buying the chain, said: "It's just a rumor from a newspaper in Tokyo." Tokyu Department Stores would raise $400 million and borrow another $900 million to finance the deal, Nikkei newswire said, citing unnamed sources. Tetsuya Ishimoto, retail analyst at Sanyo Securities in Tokyo, told The News To-kyu's stock declined yesterday because stockholders feared a Bloomie's buyout would increase its debt He said he doubted Tokyu would buy Bloomie's because it is in a cash squeeze from remodeling its stores. retailing prize. Toronto-based Campeau Corp.

put Bloomie's on the block last month to raise cash to lighten its heavy debtload. "The only thing we can say is that there are a number of expressions of interest in Bloomingdale's," a Campeau spokeswoman said. First Boston is handling the auction, "and it is just beginning." A Bloomie's spokeswom By ANDREW M. GLUCK Daily News Business Writer One of Japan's biggest retailers is putting together a bid to buy the Blooming-dale's department store chain for $1.3 billion, according to Japanese financial press reports. Bloomingdale's Canadian parent would not confirm Tokyu Department Store reported yen for the Bedtime for Godzilla Ronald Reagan said he thinks Sony recent purchase of Columbia Pictures for $3.4 billion will help clean up American films.

"I just have the feeling that maybe Hollywood needs some outsiders to bring back decency and good taste to some of the pictures that are being made," the ex-B movie actor and ex-President told a Japanese TV network owned by the Fujisankei Communications Group, Japan's largest media conglomerate and Reagan's host during his nine-day visit Unhappy Campeaus A class action lawsuit was filed in New York on behalf of Campeau Corp. shareholders alleging officials of the struggling real estate and retailing giant misled them about its ability to repay a huge debt Cement that'll 'Stick A new cement called Pyrament that cures in four hours and is stronger than conventional cement has been donated to repair structural damages at San Francisco's Candlestick Park in preparation for Game 3 of the World Series, says its maker, Lone Star Industries Inc. You Bette your life Bette Midler's attorney claims Ford Motor Co. illegally used a sound-alike version of one of her hits for a car commercial after the entertainer declined to sing it printer will fiH the void at B'kip tenter By FRANKLIN FISHER Daily News Business Writer Salomon decision to move its printing operations from Manhattan to the Brooklyn Army Terminal gives the city the last tenant it needed to fill HI isvmi jus. ar- sr jt jt a minimi S4udic icci ui iicwijr icuir vated industrial space at the complex.

The announcement was marked yesterday by a tour of Phase 1 of the Terminal project by Mayor Koch. Salomon with 39,900 square feet is one of 27 tenants occupying the Phase 1 portion of Building B. Its printing operation is currently at 125 Broad St in Manhattan. Salomon has signed a 10-year lease with the city, with two 10-year renewal options. It will pay $5 per square foot, with scheduled increases, according to the city's Public Development Corp.

PDC officials declined to give the total cost of Salomon's lease, fearing it might hinder future Some construction will start this week on the office space, and about 35 Salomon employes will be moved to Brooklyn for the early stages of the shift beginning in March, said Frank Wallace, a vice president in operations at Salomon. When the move is See PRINTER Page 66 1 fill its herself. The Divine Miss is suing Ford and the Young Rubicam ad agency for $10M. Home, leap home Sales of existing homes, responding to lower interest rates, climbed 4.3 in September to the highest level this year, said the National Association of Realtors. Arby's and demand New York investment firm Stevric Equity Ventures Inc.

said it offered to buy Arby's a subsidiary of DWG for $205 million. A spokeswomen for DWG in Miami Beach, Fla. confirmed it had received the offer, but said "Arby's is not for sale and has never been." Turning off the program Kemper Financial Services which has about $7.5 billion in its stock portfolio out of $57 billion in total assets under management said it had stopped doing business with four unnamed Wall Street firms involved in computerized program trading, saying the strategy had scared away investors by increasing stock market volatility. Kemper was praised by several other money managers, who said they would consider doing the same thing. INSIDER OUTLOOK of Brooklyn Army Terminal.

City has just completed leasing 100 million square feet of renovated space at terminal's Building B. harry hamburq daily news Capital idea rates and soft economics, were at the bottom of the list "New York's drop is not radical, but it does show a measurable turn in the perceptions major players have about the city's market," said Richard Kately, president of Real Estate Research which "most bullish" list for the last five years, dropped to sixth place behind Los Angeles, Washington, D.C., San Francisco, Chicago and Seattle on a list of cities that will offer real estate opportunities in the next decade, according to an annual survey of 100 real estate, By ROXANNE DONOVAN Daily News Business Writer New York real estate ain't what it used to be. That's the consensus of real estate executives from around the U.S. who said they are less bullish about building or buying real estate in the city during the 1990s than tit iVio loci foiir. voaro of Equitable Real Estate Investment Management, which sponsored the survey.

"They realize that prices can only go so high. They may have topped out" But the slowdown is just about everywhere. The executives said they expect a drop in office construction and other kinds of development because of overbuilding inTfI5sTTTS7 New York-based Capital Hill Investment Corp. unveiled plans to build a $400 million mixed-use development on a 6.2-acre site in downtown Newark. The project called The Riverfront, will include two office towers.a arid" an conducted the survey.

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