One of the nation’s top mall owners announced that it will redeem senior secured notes to be backed by 13 of its open-air centers and 91 high-demand outparcels.
PREIT has been doing it, CBL is doing it, and now another big mall owner is offering special lease terms to local and minority-owned businesses to add variety to its tenant lineups.
More than five million people in the United States applied for new business licenses in the transformational year of 2021, and one California mall is doing its part to get a few of them up and running.