CBL also announced plans to acquire four smaller -
market regional malls from partnerships controlled by Faison Enterprises for $ 340 million, including $ 170 million in assumed debt.
And General Growth Properties announced plans to acquire more than 1.9 million square feet of middle -
market regional malls, including Foothills Mall in Fort Collins, Colo., Chico Mall in Chico, Calif., and Rogue Valley in Medford, Ore..
Not exact matches
The city is the
regional shopping hub, with
malls, boutiques,
markets and high street names, while its cafés and pubs give relief from retail therapy.
Generated leads through a team of in -
mall marketers through
regional integrated
marketing campaigns targeted to educate, engage and convert.
Areas of Expertise: Leasing,
Marketing and Sales Specialist Commercial Real Estate: in my 34 year career, I have
marketed well over 300 shopping centers from small specialty 10,000 sf to 100,000 sf + grocery anchored strips plus 3 retail
regional malls, and several medical, office and industrial buildings.
Niche property owners — such as Acadia Realty in the Northeast — should shine in a more difficult
market; the impact of Wal - Mart on the grocery business and, as a result, community centers, will continue to unfold; and retail REITs, especially
regional mall operators, will be asked by investors to be more forthcoming with financial data.
Real estate investors are coming to the realization that they need to become more flexible if they want to acquire
regional malls while the
market remains favorable for new deals, according to industry insiders.
Two decades ago, Fiesta
Mall was the first suburban
regional shopping center built in the growing southeast Phoenix
market.
We have seen more than 40 percent turnover of
regional malls over the past four years, many having been bought by REITS and will not likely return to the
market in the short term.
The total equity
market cap of the nine
regional mall REITs in the sector is $ 17.7 billion, of which Simon Property Group represents 38 %.
The largest privately owned
regional mall portfolio in seven years may be about to hit the
market.
The decision by the largest
regional mall owner in the country to embrace a smartphone application marked a new stage in the rapidly unfolding evolution of
mall marketing...
Lingering negativity Although returns for
regional malls (9.11 percent as of July 31, 1997) and strip centers (9.30 percent) meet or exceed the average REIT performance, public retail REITs continue to suffer from
market generalization.
«If you look at the one - off sales of high - quality
regional malls, the cap rates today are nearly as low as they were in the mid-2000s, at the peak of the
market,» West says.
After the deal with Westfield is completed, the pension fund will own 26
regional malls in the U.S., primarily in urban
markets.
Whether a
regional mall or strip center in an upscale or middle
market, products are chosen to meet specific needs.
Ron Kaplan, vice president of capital
markets at Federal Realty Investment Trust, Bethesda, Md., says retailers typically enjoy higher sales profits in a town center with a higher density of consumers than in a
regional shopping
mall.
What's more, as these centers moved closer to urban areas and proved that they can work in close proximity to
regional malls, the number of
markets that could support new projects increased.
So Merrill Lynch REIT analysts, for example, are more bullish about
regional mall REITs like Simon Property Group, Taubman Centers and General Growth Properties that cater to the affluent
market.
Strong entertainment components can be an important differentiator for
malls, says Wagman, «especially in
markets where there are more than enough
regional malls.»
Valuation Methodologies in Distressed
Markets: History Lessons and Proposed Solutions for two
regional mall owners
He is experienced in assessment work for cap rate studies and valuations of
regional malls, valuations of corporate headquarters, and methodology studies for valuations in distressed
markets and chain drug store properties.
Our portfolio of
regional and super-
regional malls, located in major
markets from coast to coast, is the most productive in the nation.
Complementing research, feasibility, planning advice and design consultance, CBRE Agency, Bahrain can also offer developers a unified approach to retail leasing and
marketing to attract quality tenants from global or
regional client databases to ensure maximum returns on investment whether a standalone retail offering, community
mall or destination facility.
«There is more growth expectation for
regional malls than what the
market is assuming,» he says.
«We always knew that eventually this part of the Atlanta
market was going to be the home of a
regional mall,» he says.
The Chattanooga, Tenn. - based REIT finally made its
regional mall debut in the top - tier Atlanta
market after almost a decade of careful planning, negotiating and waiting.
«Since Arbor Place is CBL's first
regional mall in a top - tier
market,» he notes, «we had to be very careful and conscientious about how we went about developing every aspect of it, because we knew that once it opened it would be compared to every other
mall in the Atlanta
market.»
Market measures A lot of sites might not have been worth the time, effort and resources CBL had to expend to even think of beginning development of a
regional mall.
«Over its 50 year history, CBL has been able to effectively combine ground - up development of
regional malls in smaller
markets, redevelopments of existing centers and opportunistic acquisitions to generate a high return on capital.»
Market Mall is a 752,000 sq. ft.
regional center anchored by The Bay and Zellers.
The balance of the
regional mall portfolio was allocated based upon the
market presence of the three companies and other strategic considerations, the companies noted in a statement.
The company was able to plow ahead with substantial growth in both the community center and
regional mall markets.
ANAHEIM — Developers of The Shops at Anaheim GardenWalk, an outdoor retail
mall in the shadow of Disneyland, have defaulted on a $ 210 million loan and are facing foreclosure as the retail center struggles to attract tourists and gain its share of the
regional consumer
market.