What Would War With Russia Look Like, Articles I

Fitness, Regal Cinemas and Old Navy. Save my name, email, and website in this browser for the next time I comment. Even high-end malls are under pressure, though. Cutler Bay Town Hall The partnership converted the building into an AKA hotel. Dog and cat antibiotics are medications prescribed by a veterinarian that can help treat a bacterial infection. The outdoor retailer REI is also looking to sell its recently completed corporate campus in suburban Seattle, shifting instead to more satellite offices, as a result of the pandemic. Wells Fargo, representing the CMBS investors, placed a credit bid, or a bid using its existing debt, of $2,600. With the majority of the proposed Target store closures planned to occur in the 2021 calendar year, this provides considerable time to explore all available options to redeploy affected team members. CBL & Associates, a Tennessee-based mall owner that has a number of B- and C-rated malls in its portfolio, has said it plans to file for bankruptcy by Oct. 1, highlighting just how much pressure these landlords are facing. Macy's to close some locations in 2023: Here's where Demand for various commercial real estate asset types is expected to shift noticeably because of the coronavirus pandemic, with more people now working from home, flocking to the suburbs for space and buying online things they used to browse for in stores. It's starting with these 248 stores. More than 30 percent of LGBTQ youth attribute poor mental health to anti-LGBTQ laws, Human brains show larger-than-life activity at moment of death, Not going to be 80: Michael J. Westland Shopping Center, also known as Westland Center, is an enclosed shopping mall located in the city of Westland, Michigan, a suburb of Detroit. The foreclosure was first reported by The Real Deal. But shopping malls are likely going to be shuttering in suburbs all across the country, as store closures grow in number and landlords capitulate. No other investor sought to pay more, and the lender was able to seize the property, documents show. When the loan matured on May 8, the trustee for the CMBS filed the $67.5 million suit against the mall, which includes accrued interest and legal fees. He currently writes for the business desk covering real estate and the citys affordability crisis. Investment Firms Buy Southland Mall, Plan To Modernize It, Build High