COVID-19 has sounded a death knell for malls in B, C, and D markets that were struggling to survive before the pandemic struck, according to a new report from Coresight Research.
When Triple Five reported in July that it had lost some tenants, the price of about $1 billion worth of municipal bonds funding the company’s American Dream mall in New Jersey fell to about 87 cents on the dollar.
Most people who know Stephen Lebovitz, CBL Properties’ chief executive, were sure he wouldn’t surrender without a fight the company founded in 1978 by his father Charles B. Lebovitz.
One would assume that Alaska, huge as it is, with not so many people and all that white snow, would be one of the cleanest places in the land. But one would apparently be wrong.