As it becomes harder to find large enough tracts of land suitable to build its mega-malls, The Mills Corp. is turning its attention to existing malls that it can expand into its signature mix of entertainment and discount retail.
There is no shortage of critiques to be found on the subject of regional malls and indeed it is common whenever a successful new non-mall format emerges (e.g. lifestyle centers, the Internet) for it to be coronated the mall's successor as America's dominant shopping destination. Yet the verdict of the...
LOS ANGELES--Aiming to further integrate retailing and entertainment, Mills Corp. hired the William Morris Agency to barter partnerships, promotions, retail concepts and attractions for its eight malls. More than 130 million customers a year visit Arlington, Va.-based Mills' malls, which includes The Block at Orange in Southern California; seven more...
Chicago-based General Growth Properties GGP, owner of 136 regional shopping malls in 37 states, has joined IBM to create interactive media stations for its shopping centers. Called Mallibu Direct, the combined effort will provide e-tailers and service companies with a way to market their stores and products to shoppers at...
Nov. 22--Connie Szymanski avoids the malls at night. And that won't change, despite the presence of about 120 Maricopa County sheriff's deputies and posse members being dispatched to Valley malls for the holiday season. Nov. 22--Connie Szymanski avoids the malls at night. And that won't...
Aug. 2--PALMPILOT GUIDES AT MALLS TAKE LINES OUT OF SHOPPING: It might seem like shopping malls and the Internet don't mix. After all, one of the great promises of e-commerce is that it would free shoppers from the hassle of fighting their way throug Aug. 2--PALMPILOT...
Did the fund get less productive malls? Phyllis Feinberg NEW YORK - Although the General Motors Pension Trusts appeared to do well in their stock-for-malls swap with Taubman Centers Inc., there is now some debate over the quality of the properties. TDid the fund get...
Smart dealers know the importance of getting out into the community. Special events at malls are a perfect opportunity. According to Isis Camarena, marketing assistant for The Source Mall in Westbury, NY, malls hold expos throughout the year to bring Smart dealers know the importance of...
PHILADELPHIA -- Pennsylvania Real Estate Investment Trust ("PREIT") (NYSE: PEI) announced that it completed the sale of five malls to Lightstone Real Estate Partners, LLC. The sale price was approximately $110.7 million. The Company does not expect to record a gain or loss from the sale. The net cash proceeds...
Services like personal shopping and concierges are helping malls draw shoppers out of the virtual world and into the real world. In an era dominated by the Internet and e-commerce, today's malls are responding with guest services that run the ...
Metropolitan Life has originated $92.1 million of mortgages with an Atlanta partnership that owns two superregional malls. Metropolitan Life has originated $92.1 million of mortgages with an Atlanta partnership that owns two superregional malls.
If anybody still thinks regional malls are dinosaurs, they should think again. If anybody still thinks regional malls are dinosaurs, they should think again.
ROCHESTER, N.Y.--BUSINESS WIRE--Nov. 20, 1997--Children visiting Santa at many of the nation's estimated 700 large shopping malls this year will have their pictures taken with a new digital photography system from Kodak that provides customers with high quality images, available in multiple formats and sizes, in about two minutes.
CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE: CBL) today announced that it has closed on two separate transactions with The Westfield Group involving four St. Louis area regional malls valued at an aggregate $1.03 billion. In the first transaction, CBL gained economic control of three malls including West...
Now that General Growth owns The Rouse Co., the REIT will be similar in size and portfolio quality to chief competitor Simon Property Group. Simon still owns more of the top 100 U.S. malls, but Simon has more weak malls. General Growth's portfolio ...
Across the country, shopping centers are reinventing themselves as “the place to be” for teens, kids and their parents. Nowadays malls have almost become the new community center. Malls give companies the ability to produce volume with very little lead-time and the ability to target specific products to specific regions...
GM trust puts 8 malls run by Taubman up for sale General Motors Pension Trust, which owns 10 malls built and managed by Bloomfield Hills-based Taubman Centers Inc., put eight of them up for sale last week, including Briarwood Mall in Ann Arbor. ...
Schostak to sell Macomb Mall, Laurel Park Place Schostak Bros. & Co. Inc. said last week that two of its malls, Laurel Park Place and Macomb Mall, are for sale. Co-President Robert Schostak confirmed that the malls are on the block, but...
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