malls


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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
(Photo illustration by The Real Deal)
National Archive Issue

Underwater hotel owners are walking away from their properties

With its hotels business battered by the pandemic, Ashford Hospitality Trust took a cold, hard look at its portfolio...

Underwater hotel owners are walking away from their properties
Crystal Mall in Waterford, Connecticut  (Crystal Mall via Facebook, Getty)
Tri-State

Simon’s Connecticut mall valuation slashed by 88%

 The valuation for about two-thirds of Simon Property Group’s Crystal Mall in Waterford, Connecticut was slashed 87 percent to...

Simon’s Connecticut mall valuation slashed by 88%
Brookfield Property Partners' Brian Kingston and Brookfield Place (Brookfield;Getty/Illustration by Kevin Rebong for The Real Deal)
National

Brookfield Property Partners reports $2B in losses in 2020

Closing the book on a devastating year, Brookfield Property Partners recorded about $2 billion in losses in 2020, with...

Brookfield Property Partners reports $2B in losses in 2020
(iStock/Photo Illustration by Kevin Rebong for The Real Deal)
National

Values of Class A malls down 45% from 2016 levels

The value of America’s luxury malls is roughly half what it was in 2016, a worrying sign for an...

Values of Class A malls down 45% from 2016 levels
(Photo illustration by The Real Deal)
Archive Issue

Inside mall owner Namdar’s rapid growth story

At the Regency Square Mall in Jacksonville, Florida, roaches roam freely, the air conditioning is broken and the roof...

Inside mall owner Namdar’s rapid growth story
North Point Mall in Alpharetta, Georgia (left) with Brookfield's Brian Kingston (iStock; Brookfield; Google Maps)
National

Converting empty malls to warehouses isn’t easy

As demand for e-commerce grew and large tenants like Sears closed up shop, some mall owners sought to redevelop...

Converting empty malls to warehouses isn’t easy
The Palisades Center Mall was worth $881 million in 2016. Now, a new appraisal says the mall is worth less than half that. (Google Maps)
Tri-State

Palisades Center worth half what it was in 2016: Appraisers

One of the nation’s largest malls has had its value chopped in half. Appraisers pegged the Palisades Center Mall’s...

Palisades Center worth half what it was in 2016: Appraisers

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