BUSINESS DIGEST ||

Tabani Group buys Southland Crossings center

BOARDMAN

The Tabani Group, a Dallas-based full-service commercial real-estate company with a portfolio valued at more than $1 billion, recently purchased the Southland Crossings retail center from DDR Corp. for $41.7 million.

Located on Doral Drive in Boardman, the 537,000- square-foot shopping center is anchored by Babies “R” Us, DSW, Giant Eagle, Lowe’s, Pat Catan’s, Pet-Smart and Walmart.

The Tabani Group has partnered with the Platz Realty Group to manage the leasing of the center. The Platz Realty Group consists of broker Steve Platz and agents Adam Divelbiss, Bob McGovern and Matthew Wilson.

Ribbon cutting at RAHAB Grooming

HOWLAND

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony for RAHAB Grooming Great Gents, 8538 E. Market St., at 10 a.m. Friday.

RAHAB is a luxury grooming establishment for men that promises to give a new level of indulgence for today’s contemporary gentleman. RAHAB says it specializes in exemplary grooming and styling treatments.

Smiley’s birthday at Eat’n Park

PITTSBURGH

Eat’n Park Restaurants will be celebrating Smiley’s birthday all month long this month.

Smiley’s birthday celebration is a favorite tradition among kids, who can enjoy 99-cent kids’ meals with the purchase of a drink. The birthday celebration begins today and ends June 30.

Smiley will also be making more than 50 appearances at area Eat’n Park restaurants and community events. Smiley’s complete appearance schedule is available at www.findsmiley.com.

Fed survey finds tight labor markets and rising wages

WASHINGTON

The economy kept growing in April through late May, with more regions citing worker shortages across a widening range of occupations, the Federal Reserve reported Wednesday.

In its latest survey of economic conditions nationwide, the Fed found that most of its 12 regions viewed economic growth as moderate to modest rates. Two districts – Boston and Chicago – said growth had slowed, while New York said business activity had “flattened out.”

Businesses reported that labor markets continued to tighten, and many firms were offering higher wages where shortages were most severe. One firm in the district of the Fed’s Chicago regional bank said that it had been able to attract better applicants and improve the retention of unskilled workers by raising wages 10 percent.

The information in the Fed’s survey, known as the Beige Book, will be used when Fed officials meet June 13-14. The Fed is expected to raise a key interest rate at the meeting.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1232.94-0.05

Aqua America, .71 32.680.12

Avalon Holdings,2.56-0.02

Chemical Bank, .2744.97-0.53Community Health Sys. 8.85 -0.31

Cortland Bancorp, .2818.750.03

Farmers Nat., .1613.550.10

First Energy, 1.44 29.240.05

Fifth/Third, .5223.74-0.31

FirstMerit Corp.,--

First Niles Financial, .129.670.00

FNB Corp., .4813.20-0.12

General Motors, 1.5233.920.39

General Electric, .9227.380.02

Huntington Bank, .28 12.54-0.20

iHeartMedia Inc.,1.890.19

JP Morgan Chase, 1.9282.15-1.75

Key Corp, .3417.47-0.35

LaFarge, .34--

Macy’s, 1.51 23.50-0.10

Parker Hannifin, 2.52 157.47-1.86

PNC, 2.20118.70-0.16

Simon Prop. Grp., 6.60154.25-0.73

Stoneridge 15.46-0.13

United Comm. Fin., .12 7.91-0.05

Selected prices from Wednesday’s 4 p.m. close.