Indianapolis’s first mall is about to enter its third phase with residential unitsWhen Glendale Shopping Center opened in 1958 with a concourse connecting the William H. Block and L.S. Ayres department stores, it was the city’s first mall. Pyramid to add residential developments at all its mallsThe pandemic’s historic super-charging of online shopping has forced nearly every owner-operator of enclosed malls to rethink their components. Victoria’s Secret to close more locations, Bath & Body Works to open 49 stores Victoria’s Secret isn’t done closing stores. Macerich seeks help from investment bank for notes that come due in July With malls stymied by pandemic-related closures and bankrupted tenants, Macerich finds its cash flow limited and has hired the PJT Partners investment bank to help it deal with a $1.5 billion revolving credit facility that comes due in July. Sephora to open 60-plus freestanding U.S. stores in 2021 Sephora is embarking on the largest store expansion plan in its 21-year history in the United States. Amazon opens 10th high-tech Amazon Fresh grocery store Amazon is continuing to expand its high-tech grocery format with a new location in California. National Harbor signs four new tenants The Gaylord convention center and hotel at National Harbor, located just outside of Washington, D.C., in Maryland, remains closed. Fry’s Electronics goes out of business — abruptly Fry’s Electronics has called it quits after being in business for nearly 36 years. Kimco and Brixmor are among the 10 Most Sustainable REITs Two prominent developers of outdoor shopping centers have made Barron’s annual list of the 10 Most Sustainable real estate investment trusts. Skincare company Heyday wants to open ‘hundreds of stores’ in next five years Heyday plans to ramp up its brick-and-mortar expansion via franchising. First Previous 431 432 433 434 435 Next Last
