In the 1980s, Rouse’s Harborplace development in Baltimore was a model “festival marketplace” copied by declining downtowns across the country. This year, however, its mall will be closing.
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.
Phillips Edison & Company, one of the nation’s leading owner-operator of neighborhood centers, has sold Atwater Marketplace in Atwater, Calif. For an undisclosed price to a private investor.
