Washington Prime Group Inc. announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas....
Read Story
June 14, 2021, 07:38 AM
|
Bloomberg reported U.S. mall values plunged an average 60% after appraisals in 2020 citing how pandeimc shutdowns hurt properties with pre-exiting problems. According to the report, about $4 billion in value was erased from 118 retail-anchored...
Read Story
March 02, 2021, 08:10 AM
|
Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead, said Bradley W. Snyder, a Tiger Group Executive Managing Director, during a retail-focused webinar hosted by Insolvency Insider.Mall...
Read Story
November 24, 2020, 07:30 AM
|
Brookstone Company, the iconic mall retailer, announced it has begun the process of closing the company’s remaining 101 locations and is seeking a buyer for the firm. The company cited the "continued deterioration of traditional retail mall traffic"...
Read Story
August 03, 2018, 08:00 AM
|
The vacancy rate for regional malls was 8.1% in Q2 2017, up from 7.9% in Q1, and up from 7.9% in Q2 2016, according to recent data from Reis. While vacancy rates appear to be climbing, they are down from a cycle peak of 9.4% in Q3 2011.For...
Read Story
July 07, 2017, 08:00 AM
|
The future of a defining feature of 1980s Americana is under threat thanks to sweeping distress in the retail sector. According to a research note from Credit Suisse, up to a quarter of the nation’s retail malls will close in the next five years as...
Read Story
June 01, 2017, 08:00 AM
|