General Growth Properties and other mall owners nationwide are being forced to lower rents for their tenants as many of the malls’ anchor tenants close and the remaining merchants become contractually entitled to lower rents. Linens ‘n Things, Circuit City and Steve and Barry’s are among the major tenants filing for bankruptcy and closing stores. General Growth Properties owns a number of malls in South Florida, including Bayside Marketplace in Miami.
|Miami investors score EB-5 funding for charter school in south Miami-Dade|
|Missoni Baia, Paseo Miami and Coconut Grove Playhouse submit new plans|
|Investment firm tied to Sol Goldman buys Manalapan mansion|
|Red light camera millionaire buys two bayfront Belle Meade homes|
Joint venture scoops up office complex