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Running a mall is "still a struggle" nearly a year into the pandemic

Feb 26, 2021
When a customer refuses to wear a mask inside the Butte Plaza Mall, manager Alana Ferko gets called in to help.
Gil Cohen-Magen/Getty Images

What happens after a mall defaults on its loans?

Oct 27, 2020
The dominoes just keep falling: Banks, utilities, internal employees, maintenance crews — they could all lose out.
Screen shot PREIT marketing materials

What’s next for struggling shopping malls?

Oct 19, 2020
Mall real estate is facing a crisis with department store sales down and bankruptcies up.
A nearly empty mall in Bloomington, Minnesota, in June.
Kerem Yucel/AFP via Getty Images
A closed J.C. Penney store at a mall in San Bruno, California. The retailer is an anchor store in a lot of malls.
Justin Sullivan/Getty Images

A shopping mall embraces a different normal

Sep 3, 2020
After closing for a month, the Butte Plaza Mall sees an increase in foot traffic and acceptance of new rules.
Shoppers at a mall in Costa Mesa, California. Many retail locations are reopening with reduced capacity and new safety rules.
Mario Tama/Getty Images

Lord & Taylor's final sale: Who will buy all that real estate?

Aug 28, 2020
The venerable department store is closing all 38 of its brick-and-mortar locations after filing for Chapter 11 bankruptcy.
Pedestrians walk past a shuttered Lord & Taylor department store in Garden City, New York. on May 12.
Bruce Bennett/Getty Images

Amazon in talks with Simon Property Group on taking over mall space

Aug 10, 2020
But for those other mall tenants, sharing space with Amazon might feel like an insult.
A closed JC Penney department store in North Carolina. Amazon is in talks with Simon Property Group — which owns closed Penney and Sears stores — about using the space as fulfillment centers.
Andrew Caballero-Reynolds/AFP via Getty Images

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As big department stores struggle, other mall tenants falter, too

Aug 10, 2020
Malls were already having a tough time before COVID-19 with the rise in online shopping. The pandemic accelerated those e-commerce trends.
When malls start to lose retailers, it hurts all of the other tenants still there like movie theaters, restaurants and more.
Al Bello/Getty Images

What will COVID-19 do to shopping malls?

May 6, 2020
They were struggling before the coronavirus pandemic. If anchor stores close, that could have a domino effect on smaller shops.
The Westfield Annapolis Mall is barricaded and closed in Annapolis, Maryland, in March.
Jim Watson/AFP via Getty Images

In buying Forever 21, mall owners buy themselves some time

Feb 3, 2020
Nearly half of the malls owned by Simon Property Group and Brookfield have a Forever 21 in them.
Drew Angerer/Getty Images