Sentences with phrase «class b malls»

In April, Westfield Group sold a 90 percent stake in six of 17 Class B malls it had on the market to Starwood Capital Group.

The properties are so - called Class B malls, as opposed to Class A, which differ based on the sales per square foot the specialty store tenants generate.

Not exact matches

, management specifically indicated that the spinoff would «allow GGP's management team to focus on its core business of owning and operating premier malls», and thus increase the attractiveness of the GGP real estate portfolio by disposing of the lower quality class «B» malls.

Last summer GGP disclosed they would spin - off 30 class B regional malls into a separate public entity to be named Rouse Properties.

Floris Van Dijkum, a senior REIT analyst for Boenning & Scattergood, a Conshohocken, Pa. - based asset management firm, noted that GGP's 45 class - B malls might represent as much as $ 8 billion if spun off in a sale.

Yields on class - B malls are also better than on trophy assets.

«Some of the [class - B] malls are trading very cheaply.

«It's also common sense for us to avoid Class - B malls and tertiary locations.»

The three B - class malls, which bring in sales per square feet in the $ 247 - $ 352 range, include Richmond, Calif.'s Hilltop Mall, Gaitherburg, Md.'s Lakeforest Mall and Glen Burnie, Md.'s Marley Station.

«They'll be the quickest to rent the space, and as you go down to Class B, C and D malls, they're not going to rent the spaces out.

In a research note, Adornato acknowledged that a slight discount to NAV would make sense «given the volatility in the capital markets and uncertainty surrounding class - B malls.»

- ft. enclosed regional mall in Grand Traverse, Mich., a class - B property that...

Its stores serve as anchors at many class - A and class - B regional malls throughout the country, says Joe Brady, managing director of corporate retail solutions with Jones Lang LaSalle, a Chicago - based real estate services firm.

«Traditional financing for class - B malls is challenging.»

We've all heard and read the less - than - positive rhetoric about class - B malls — sales are down, department store anchors are going dark, inline tenants are leaving and e-commerce is stealing customers away...

Mills Corp. is paying $ 1.3 billion for full interests in three B - class malls and 50 percent interests in five A-Class malls controlled by General Motors Pension Trust, according to Citigroup Smith Barney analyst Jonathan Litt.

Though A-class malls are still in demand, many B - class properties need the differentiation a Mills - type tenant would provide, he says.

Before CBL & Associates decided to raise the profile of its shopping centers, it was known as a company that owned and developed class - B malls, with the occasional gem in its portfolio.

Greg MacKinnon: Certain types of investors, those whose profiles are less risk - averse, are eyeing repositioning of class - B shopping centers and class - B malls for alternative uses, but for most investors this is still considered more of a speculative, opportunistic play.

Weakness remains in the retail sector, but good opportunities can be found by turning class - B and - C malls into alternative uses, he says.

One result has been a weakening of what are now considered class - B and - C malls, many of which might have been the second or third shopping center in areas that previously might have supported more than one mall (but no longer).

Yet given that most economists expect only modest GDP growth over the next several years, focusing exclusively on class - B malls in today's environment could prove to be a tough play, says Sullivan.

They won't open their purse strings for class - B malls or strip centers.

What's more, while TJX has traditionally concentrated on strip centers, owners of class - B and class - C malls would love to get the chain into their properties and would be willing to offer very aggressive deal terms to do so, notes Davidowitz.

For the remaining malls, whether they are class - B or class - A centers, a much different future awaits.

Closures will disproportionately impact Class B and C malls.

But the same can't be said for Class B and C mall REITs; the ever - increasing portion of consumers doing their shopping online is putting a dent in the revenue of mall tenants, which is in turn harming the investment vehicles that rely on them.

While gross domestic product has grown about 2.1 percent annually since the recession ended in 2009, that hasn't been strong enough to boost Class B and Class C retail in malls or shopping centers, which have both suffered as income has stagnated for the nonwealthy.

This positive news, along with rising consumer spending and confidence data, has prompted a variety of private equity firms and real estate investment trusts (REIT) to begin focusing «down the food chain» towards class B or second - tier malls.

Most of the malls are more than 90 percent leased, but are still considered to be class - B, rather than class - A assets.