ARTICLES BY THIS AUTHOR
- 3/7/2021
RCS deal will keep all Ann Taylor, Loft, and Lane Bryant stores open in Simon malls
After Sycamore Partners’ Premium Apparel unit bought Ascena Retail Group for $540 million in a Chapter 11 auction last December, it approached Simon Properties and requested rent relief for some 235 Ann Taylor, Loft, and Lane Bryant stores in the company’s malls. - 3/2/2021
Seattle and Salt Lake City thrived in 2020; Las Vegas and New Haven dived
Only 11 metros in the United States equaled or surpassed their average retail sales growth rates from the previous five-year period. - 3/1/2021
Amazon 4-Star opens at Pyramid’s Crossgates complex in Albany
Pyramid Management Group, the owner of Destiny USA in Syracuse that prides itself on innovative re-tenanting, has announced the opening of its first Amazon 4-Star store at its Crossgates property in Albany, N.Y. - 3/1/2021
Topgolf announces new location in Fort Myers, Fla.
Topgolf has announced it will open its seventh Florida location later this year in Fort Myers, Fla., off I-75 near the Cypress Lakes development. - 2/28/2021
Post-pandemic values of malls fall by 60%
America’s premier owner and operator of malls, Simon Property Group, marked 13 of its properties as “non-core” in its last earnings report. - 2/25/2021
Indianapolis’s first mall is about to enter its third phase with residential units
When Glendale Shopping Center opened in 1958 with a concourse connecting the William H. Block and L.S. Ayres department stores, it was the city’s first mall. - 2/24/2021
Macerich seeks help from investment bank for notes that come due in July
With malls stymied by pandemic-related closures and bankrupted tenants, Macerich finds its cash flow limited and has hired the PJT Partners investment bank to help it deal with a $1.5 billion revolving credit facility that comes due in July. - 2/24/2021
Pyramid to add residential developments at all its malls
The pandemic’s historic super-charging of online shopping has forced nearly every owner-operator of enclosed malls to rethink their components. - 2/23/2021
National Harbor signs four new tenants
The Gaylord convention center and hotel at National Harbor, located just outside of Washington, D.C., in Maryland, remains closed. - 2/22/2021
Kimco and Brixmor are among the 10 Most Sustainable REITs
Two prominent developers of outdoor shopping centers have made Barron’s annual list of the 10 Most Sustainable real estate investment trusts.