U.S. mall owner Taubman is telling tenants that their rent must be paid despite the inability to meet obligations, according to a CNBC report on Sunday (March 29). The real estate investment trust said it still has its obligations to meet — such as paying...
Welcome, perhaps, to the mauling of the Great American Mall. The rise of eCommerce has been an inexorable one, and the retail landscape has shifted for retailers. The body count, so to speak, continues to rise – and begins anew, in a way, with the dawn...
One source has revealed that Forever 21 might be filing for bankruptcy. The retailer has been looking into ways to restructure its business as it deals with struggling sales. But one person familiar with the situation told CNBC that those efforts have stalled, and bankruptcy...
Simon Property Group, the biggest mall owner in the U.S., said Wednesday (July 31) it is considering retail investment as it looks to keep stores in the black, according to CNBC. “I think it’s very possible — we’re going to be very smart about it,”...
May 08, 2020
Brookfield, which owns stake in numerous malls and related properties, is going to spend $5 billion to try and get the industry back on track after the coronavirus pandemic. The funds will be managed by Ron Bloom, managing partner and vice chairman of Brookfield’s private equity arm, who said the focus would be on helping […]
March 30, 2020
U.S. mall owner Taubman is telling tenants that their rent must be paid despite the inability to meet obligations, according to a CNBC report on Sunday (March 29). The real...
August 28, 2019
One source has revealed that Forever 21 might be filing for bankruptcy. The retailer has been looking into ways to restructure its business as it deals with struggling sales. But...
April 28, 2019
Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The police have been investigating bitcoin machines at Tampines One Mall in...
