🍻 Our final KaiPA pint glasses are available NOW to anyone who donates to our nonprofit newsroom. Donate now

Simon Property Group bets on retail comeback with store leases

May 11, 2021
The commercial landlord agreed to lower mall retailers' base rents for a bigger cut of their sales.
Rather than evict or sue some of its tenants that missed rent payments, mall owner Simon Property renegotiated "break points."
Spencer Platt/Getty Images