ARTICLES BY THIS AUTHOR
- 3/16/2021
Easy 2020 money stalled retail bankruptcies that will take place in 2021
Plentiful financing offered to retail chains stymied by the COVID-19 pandemic allowed many whose businesses had already been declining to hang on to life in 2020. But 2021 could be their downfall. - 3/10/2021
Retail REITs’ losses declined by half in Q4 2020
Though retail real estate investment trusts continue to tread a rough road back to normalcy, strong advancement was made by them during the holiday season. - 3/9/2021
Washington Prime Group skips interest payment, may be filing bankruptcy
Washington Prime Group, owner-operator of nearly 100 malls and shopping centers across the United States, could be preparing a Chapter 11 filing. - 3/8/2021
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. - 3/3/2021
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. - 3/2/2021
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. - 3/2/2021
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. - 3/1/2021
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. - 2/26/2021
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.