Bloomingdale, Illinois’ Stratford Square Mall has a vacancy rate of 69%. Its owner is doing little to reverse it, so village officials have stepped in to help reinvigorate the 1.3 million-sq.-ft. property.
A&G Real Estate Partners has been honored a third time for its part in the restructuring of Tuesday Morning and GNC, this time with a Turnaround Award from M&A Advisors.
Macerich, one of the top 20 owners of retail real estate in the U.S., has sold La Encatada, a high-end specialty center in Tucson for $165 million, generating $100 million in liquidity.