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Former Simon Property Group Malls See Valuations Slashed Up To 88%
News

After Simon Gives Up On Malls, Values Slashed Up To 88%

... drop, according to CMBS tracking firm Trepp. Sears left the mall in 2018, and Macy’s ... to $50.5M this month. The vacant Sears and still-open Macy's are not ... Sun Chronicle reported. The imminent closing of Sears at Emerald Square is expected to trigger co ...

Feb 23, 2021
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Brookfield Properties
News

Brookfield Hands 1.3M SF Georgia Mall Back To Lender

... mall, mainly focusing on the shuttered Sears anchor. The other three anchors at North ... still open. Brookfield proposed razing the Sears and replacing it with 328 apartments and ... Homart Development Co., a subsidiary of Sears that was acquired by GGP in 1995 ...

Jan 12, 2021
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The Abbey at Aventura at 19505 Biscayne Blvd.
News

Turnberry, Simon Drop $131M On Retail Across From Aventura Mall: The South Florida Deal Sheet

... Growth Properties developed the Esplanade Aventura out of a former Sears store and sold the center to Aventura-based Turnberry and ...

Dec 01, 2025
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A conceptual rendering of the Lakeforest Mall redevelopment form 2024 filings with the city.
News

100-Acre Mall Redevelopment With Transit Center Moving Forward In Gaithersburg

... a series of closures of department stores Lord & Taylor, JCPenney, Sears and finally Macy's, which shuttered in January 2023. The ...

Nov 25, 2025
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$200M Cherry Creek North Redevelopment Begins Phase 2
News

$200M Cherry Creek North Redevelopment Begins Phase 2

... Cherry Creek North.  Earlier this year, demolition began on the Sears building and a former Crate & Barrel to make way for ...

Nov 16, 2025
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Derwent London And Related Argent Eye Old Street: The London Deal Sheet
News

Derwent London And Related Argent Eye Old Street: The London Deal Sheet

... significant investment of the year, following the acquisition of the Sears Retail Park in May. The mixed-use retail, office and ...

Oct 23, 2025
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15% Cap Rates And Circadian Lighting: How To Make Adaptive Reuse Work
News

15% Cap Rates And Circadian Lighting: How To Make Adaptive Reuse Work

... Mall in Southern Dallas, where his firm transformed a former Sears building into a 150K SF medical facility for UT Southwestern ... of the Cedars area of Dallas. He bought a former Sears warehouse and turned it into the South Side on Lamar ...

Oct 01, 2025
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Dartmouth Mall entrance.
News

PREIT Secures $56M Loan For Dartmouth Mall: The Boston Deal Sheet

The 10-year loan carries an interest rate of 7.125% and matures in October 2035. The loan, as well as financing for Springfield Town Center and Woodland Mall, has generated $286M in loan proceeds and has reduced the total portfolio weighted average ...

Sep 22, 2025
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200K SF Office And Research Building Coming To Houston's Ion District
News

200K SF Office And Research Building Coming To Houston's Ion District

... , a 287K SF office mid-rise in the former Midtown Sears space, is more than 90% leased, including to Chevron, Microsoft ...

Sep 16, 2025
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The Next Wave Of Department Store Closures Will Hit Philly Even Harder Than The Last
News

The Next Wave Of Department Store Closures Will Hit Philly Even Harder Than The Last

... as part of its proactive repositioning strategy, yet between Sears and Kmart, 12 stores remain open in Greater Philadelphia ... it based on the cost of construction.” Challenges Beyond Sears Despite stock market volatility and ongoing geopolitical tensions, ...

Jan 28, 2019
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