Retail Real Estate


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Brookfield CEO Brian Kingston and the Northridge Fashion Center at 9301 Tampa Avenue (Brookfield, Google Maps)

Brookfield delinquent on $210M Northridge mall loan

Another mall owned by Brookfield Property Partners has fallen behind on loan payments — this time in Northridge. A...

Brookfield delinquent on $210M Northridge mall loan
An analysis of data from CoStar found that retailers nationwide had missed two to four months’ rent (iStock)
National

Retailers now owe $52B in back rent

Brick-and-mortar stores were struggling before the pandemic. But now, the retail sector owes $52 billion in back rent. An analysis of data from CoStar found that retailers nationwide had missed two to four months’...

Retailers now owe $52B in back rent
Macy’s CEO Jeff Gennette (Getty; iStock)
National

Macy’s experiments with “dark stores”

As Macy’s grapples with a net loss of $91 million in the third quarter, the brand is reimagining what the future of its business may look like. One possible answer: fulfillment centers. As two...

Macy’s experiments with “dark stores”
David Simon of Simon Property Group and Robert Taubman of Taubman Centers  (Getty)
National

Simon and Taubman reach a new merger deal

The long-in-the-works merger between Simon Property Group and Taubman Centers is finally coming to fruition. Michigan-based Taubman has agreed to take a price cut in Simon Properties’ buyout of the company, allowing the two...

Simon and Taubman reach a new merger deal
Brooklyn Dumpling Shop (Photos via Brooklyn Dumpling Shop; iStock)
New York Weekend Edition

Back to the future: Automat dining concept gets Covid upgrade

A century-old dining concept is being resurrected in the New York metro area, as restaurant owners struggle for customers...

Back to the future: Automat dining concept gets Covid upgrade
Simon Property Group's David Simon and Brookfield's Bruce Flatt (Getty, iStock)
National

J.C. Penney bankruptcy plan approved by judge

A U.S judge has approved a deal to allow J.C. Penney to emerge from bankruptcy, preventing a massive liquidation...

J.C. Penney bankruptcy plan approved by judge
Retail rent collections hit 89% in October
National

Retail rent collections hit 89% in October

After a few rocky months, rent collections at national chains are leveling out. Major chains paid 89 percent of October rent, the highest amount since the start of the pandemic, and a slight increase...

Retail rent collections hit 89% in October
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