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RCS Real Estate Advisors will receive a Turnaround Award from M&A Advisor later this month for its work in the reorganization of Pacific Sunwear.  

Each moment, it seems, something new emerges to compete for our attention. Our desktop browsers manage dozens of tabs simultaneously, even though we can only process the information contained on those pages one tab at a time. Our phones ping away, constantly keeping us connected to an infinite virtual world.    

Burlington has been announced as the replacement for Sears at PREIT’s Magnolia Mall in Florence, South Carolina. Earlier this month, Dick’s Sporting Goods and Von Maur were introduced as new tenants of Sears spaces that had been recaptured by the Philadelphia-based developer.  

CBL & Associates has named Curt Hammontree VP of development. In nearly 18 years with the company, he has worked on 18 mall and outlet developments, the most recent being an outlet project in Laredo, Texas.   “Curt has been a valuable contributor to CBL’s successful development,” said president and CEO Stephen Lebovitz. “We are pleased to be able to recognize his many achievements with this promotion.”  

Swire Properties has announced the addition of Zara and MAC Cosmetics to its 500,000-sq.-ft., open-air collection of luxury retailers and gourmet food option in Miami’s Brickell City Centre. Both stores look toward a fall opening.  

"It makes me feel really, really sad. I hate to even go up that way. Sometimes I go up that way because I go to the movie theater and I got to ride by it, and it's just heartbreaking, and to see the mall gone,” Owings Mills, Maryland resident Glenn Watlingon told WMAR-TV about the demolition of the Owings Mills Mall.   

Women’s plus-size retailer Torrid will open locations in five Cafaro Malls: Eastwood Mall (Niles, Ohio); Governor’s Square Mall (Clarksville, Tennessee); Huntington Mall (Barboursville, West Virginia), Millcreek Mall (Erie, Pennsylvania); and Spotsylvania Towne Centre (Fredericksburg, Virginia).     The 3,500-sq.-ft. stores are all expected to be up and running by June. Torrid, founded in 2001, operates more than 400 locations across 36 states.  

Arden Fair Mall in Sacramento released its annual sales report this week and verified the fact that not all traditional malls are on the endangered list.   The 1,112,000-sq.-ft. property, owned by Arden Fair Associates and managed by Macerich, showed consistent month to month growth through 2016, capped by a 10% year-over-year sales increase in December, according to the accounting.