With Sears, Macy’s and JC Penney closing hundreds of stores, mostly in older malls in less-desirable locations, the divide between good malls and bad malls is widening. The best malls, often owned by Simon Property Group, Taubman Centers, Inc. and Westfield LLC, have lenders knocking down their … [Read more...] about 4.5.17: Class B Malls Struggle to Refinance
5.6.14: Malls Struggle When Anchors Leave
Shopping malls, already negatively impacted by internet retailing (see our 2.18.14 post “More Thoughts on the Future of Retail”), often find themselves in a serious downward spiral when anchor tenants close their doors. Anchor tenants are traditionally defined as national retail chains that lease … [Read more...] about 5.6.14: Malls Struggle When Anchors Leave
8.13.10: Business Owners Struggle as Lending Bill Stalls*
Rich Balka is hungry for capital. The Trenton, NJ entrepreneur whose company makes specialty rubber products, says he needs the money to buy raw materials, pay his workers and weather the last stretch of the recession. Balka’s sales fell 30% last year, forcing him to lay off one-third of his staff … [Read more...] about 8.13.10: Business Owners Struggle as Lending Bill Stalls*