WP Glimcher's commitment to being all things to all people —
owning enclosed malls, open - air centers, strip malls, as well as a variety of top - tier and bottom - tier assets — makes it hard for investors to wrap their heads around what exactly Glimcher is trying to accomplish.
Not exact matches
«Accelerating competition from e-commerce channels and changing consumer preferences have challenged the business model of REITs that focus on
owning and operating
malls, which we define as
enclosed structures with both department stores and inline tenants,» Thuy Nguyen, a Moody's Vice President says.
A privately
owned developer whose product includes
enclosed malls and office buildings in Canada, Sofran limits itself to grocery - or big - box - anchored strips in the U.S., says Zazalkoff.
CBL
owns more than 4.5 million square feet of retail space in Nashville, including three
enclosed regional
malls — CoolSprings Galleria, Hickory Hollow
Mall and RiverGate
Mall.
The Johnstown, Pa. company
owns and operates 28
enclosed malls in Pennsylvania, Virginia, Maryland, West Virginia and Tennessee with a total of 17 million square feet of retail space.
At the end of 1999, for example, CBL & Associates, which
owns 140 properties including 30
enclosed regional
malls, saw its ratio rise to 61 %.
The company presently
owns 16 million sq. ft. in six
enclosed malls, not including the Chandler Fashion Center.