General Growth Properties

July 4, 2017
​A Trio of Retail REITs: Mall Survivors

The big story for 2017 is: “Retail is Dead.” So instead of trying to figure out which retailers will survive, the better bet — and safer bet — looks to be real estate, suggests Marshall Hargrove in Investors Alley's The Market Cap. Real estate investment trusts (REITs), which are publicly owned real estate tenants, are great investments ... »

June 19, 2017
Mall in Columbia Changes Include new Retailers, Restaurants

Columbia, MD - Amid ongoing cosmetic and walkway improvements at the Mall in Columbia, mall owner General Growth Properties will open several new retailers and restaurants within 100,000 square feet of leased space over the next year and a half. There are currently about 200 retailers and restaurants across the 1.4-million-square-foot shopping c... »

April 18, 2017
An Escape Room Concept Opens Soon at Carolina Place Mall

Pineville, NC - An escape room concept called Breakout is opening April 20 at Carolina Place Mall. This will be location No. 42 for Breakout, which combines problem-solving and code-cracking in an hour-long experience in which participants have to “escape” a given scenario, like a kidnapping or a museum heist. The 3,325 square-foot locati... »

December 16, 2016
Fashion Retailer Zara to Open at Staten Island Mall as Part of Expansion

Staten Island, NY - European retailer Zara has signed a lease with the Staten Island Mall's owners for space in its new wing. Zara joins two restaurants, Dave & Buster's and Shake Shack, as the Mall owners -- Chicago-based General Growth Properties -- actively seek tenants for its 240,000-square-foot expansion. The new wing is expected to be com... »

December 2, 2016
Simon Property Group Fights to Reinvent the Shopping Mall

The Roosevelt Field shopping complex was built 60 years ago, in Garden City, N.Y., on the former Long Island airstrip where Charles Lindbergh took off on his historic transatlantic flight. But when you walk in, it doesn’t take long to realize this isn’t your mother’s mall—or even your own high school mall. When you enter by the Nordstrom... »

October 31, 2016
Top U.S. Mall Developer Says Aéropostale Could Grow Back to 500 Stores

How’s this for a vote of confidence? The No. 1 mall developer, Simon Property Group, SPG 1.68% thinks struggling and recently bankrupt teen apparel chain Aéropostale could bounce back in a major way and potentially double its store fleet. The retailer, a mall fixture for years, was bought out of bankruptcy in September by a group of investo... »

September 16, 2016
Shopping Centers Look to Entertainment, Recreation to Fill Empty Anchors

Schaumburg, IL - At Woodfield Mall in Schaumburg, shoppers can take in a comedy show, let kids burn off energy at the playground, get a manicure, peruse fine art and dine at a Pac-Man-themed restaurant where dishes are punctuated by bowling, arcade games and table tennis. Oh, and there are stores, too. "We want to give shoppers variety," said... »

September 15, 2016
Aeropostale Snags Rent Deal and Saves 171 Stores

Aeropostale just got a sweeter deal. The bankrupt teen retailer that was left for dead — and expected at first to shutter all 720 US stores — will now keep 400 of those stores open thanks to an 11th-hour deal with several mall owners. A bankruptcy court judge on Monday agreed to a plan that would have saved 229 stores — but late Thursda... »

September 2, 2016
Mall Group Wins Aeropostale Auction With $243.3 Million Bid

A consortium led by Simon Property Group Inc. and General Growth Properties Inc. won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores. The bidding group will also keep the chain’s online business and licensing operation up and running, according to a statement late Th... »

August 15, 2016
Ogden’s Newgate Mall Sold for $69.5 Million to New York-Based Firm

Ogden, UT - A New York-based firm has purchased the Newgate Mall. Time Equities Inc. announced the acquisition of the 718,035-square-foot Ogden mall Monday, a $69.5 million purchase. “Newgate Mall serves as a wonderful addition to our unique portfolio of mall and outlet centers located throughout the U.S. and Canada,” said Ami Ziff, the c... »

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