The Festival Companies has purchased the former Macy’s parcel contiguous to its Simi Valley Town Center, about halfway between Los Angeles and Santa Barbara.
A company that aims to make physical retail less risky and more productive for brands, especially those new to brick and mortar, is in the fast track for expansion.
Charging that Starbucks violated the lease for its store at Westfield World Trade Center in New York, Unibail Rodamco Westfield has filed suit against the coffee chain for $5.2 million in back rent and future rent.
PREIT has sold the former Sears store at Moorestown Mall in New Jersey to Cooper University Health Care for $10.1 million, a deal that the mall owner has been promising for some months.
With all its real estate now in place, DealPoint Merrill is ready to proceed with the construction of the Belle Oaks Marketplace mixed-use center on the site of what was once one of Ohio’s largest malls.
