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Are malls too cheap to ignore?

Posted by   /  November 14, 2017  /  Real Estate  /  No Comments

Brookfield’s $14.8 billion bid to buy the rest of GGP is fueling expectations that other operators of so-called class-A malls are becoming acquisition targets By Esther Fung | The Wall Street Journal Mall operators are in the bargain bin, and some big-time investors are picking them over. Brookfield Property Partners LP’s $14.8 billion proposal to acquire the […]

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Panel: Malls heading toward food, services and AI

Posted by   /  October 2, 2017  /  Real Estate  /  No Comments

By Roger Showley | Arizona Daily Sun Imagine shopping in the future: — Stores are showrooms, and your purchases are delivered to your home. — Malls are places where you work out, eat, work and possibly even live. — An autonomous car takes you to and from other shopping centers, and parking lots are repurposed […]

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The changing face of “The Mall”

Posted by   /  July 19, 2017  /  Real Estate  /  No Comments

By Roland Murphy for Arizona Builder’s Exchange Malls in America, and in the Valley, were once not only retail powerhouses, they were cultural centers as well. Nationwide, one point of community identity was which mall you lived closest to. The combined impacts of the Great Recession, urbanization trends, online retail and the reduction of the […]

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Investing in malls, despite store closings

Posted by   /  July 17, 2017  /  Real Estate  /  No Comments

By Norm Alster | The New York Times Real estate funds, market stars since the financial crisis ended in 2009, have faltered, dragged down by the closing of big stores at malls across the United States. The unanswered question now is whether investors in malls can successfully adjust to a threatening environment. Real estate mutual funds and […]

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Healthcare part of Metrocenter redux

Posted by   /  May 18, 2015  /  Dealmaker, Real Estate  /  No Comments

Metrocenter revitalization

By Roland Murphy | Arizona Builder’s Exchange Once a national flagship for retail space in city environments, Metrocenter in Phoenix had begun to fade even before the Great Recession ravaged the local and national economies. Carlyle Development Group has a plan in place to revitalize the facility and bring a myriad of new commercial opportunities […]

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Macerich rejects Simon’s takeover bid

Posted by   /  March 18, 2015  /  Dealmaker, Real Estate  /  No Comments

malls

By Brandon Brown | Phoenix Business Journal Macerich Co., the owner and operator of many Phoenix-area malls, rejected an offer to be bought out by the nation’s top mall owner, Simon Property Group Inc. On March 9, Simon (NYSE: SPG) publicly announced its offer to buy Macerich for $91 per share, a deal valued around […]

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