Macerich looks to tap investors after stings from Covid then day traders
Macerich Company, the beleaguered mall REIT whose stock briefly soared last week before falling back down, is preparing to...
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UK office and retail vacancies rising at record pace
Vacant office and retail space in the United Kingdom is rising at a pace not seen since at least...
Stock market madness: Macerich soars, sinks, and ends up worse off
“Macerich is the next GameStop.” That’s what one Reddit user said Wednesday on the platform’s wild Wall Street Bets...
Retail bloodbath will continue with 10,000 closures this year: report
Don’t expect brick-and-mortar retail to escape from the discount rack this year, a new report warns. An analysis released...
Target’s expansion continues with takeover of old Kmart stores
Target has scooped up five Kmart stores as the big-box chain continues to defy the financial havoc brought on...
Startup wants to bring “micro-warehouses” to vacant retail
A startup that focuses on creating last-mile fulfillment centers aims to compete with logistics giants. Fabric, which was founded...
Weekend Edition
“Fortnite” game developer will convert mall into massive HQ
Epic Games, best known for developing the hit game “Fortnite,” is buying a mall in North Carolina with plans...
Simon completes acquisition of high-end mall owner Taubman
After a tumultuous process, Simon Property Group has completed its acquisition of Taubman Realty Group. Under the merger agreement,...
Starbucks betting big on drive-throughs in coming years
Even though, like other retailers, Starbucks suffered big losses due to the pandemic, the chain is still betting on...
Simon execs celebrate pandemic’s end by ending pay cuts
The first Covid-19 vaccines are being distributed across the United States, and Simon Property Group is celebrating by reinstating...