malls


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Barry Sterlincht of Starwood Capital Group (Getty, iStock)
National

Starwood bailing on the mall business

Barry Sternlicht’s Starwood Capital Group is moving away from its mall portfolio as values on the properties continue to plunge. The investment firm has been selling off shopping centers at a loss across the...

Starwood bailing on the mall business
Simon Property Group CEO David Simon. (Getty, Simon)
National

Simon says suburbia is hot, raises guidance for 2021

After a devastating year of mall closures and tenant bankruptcies, Simon Property Group raised its guidance, saying that people...

Simon says suburbia is hot, raises guidance for 2021
Brookfield Real Estate CEO Brian Kingston and Brookfield Asset Management Bruce Flatt (Brookfield)
National

Brookfield taking pandemic-hit real estate arm private

Brookfield Asset Management reached an agreement Thursday to take its Covid-dinged real estate arm private by acquiring all of Brookfield...

Brookfield taking pandemic-hit real estate arm private
Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty)
National

U.S. mall values fall 60% after appraisals

The suburban mall that you frequented as a teenager could now be worth substantially less than the dirt underneath it. U.S. mall values declined 60 percent due to appraisals in 2020, according to an...

U.S. mall values fall 60% after appraisals
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