News

Cayuga Health has made a big purchase at an upstate New York shopping center.

Cayuga Health has purchased 108,000 sq. ft. of space —former big-box retail parcels where The Bon Ton and Sears stores once stood — at The Shops at Ithaca Mall, Lansing, N.Y.

The property was purchased from an ownership group that includes Mason Asset Management and Namdar Realty Group, two Long Island-based real estate investment companies that oversee leasing and management efforts at the mall.

To read more, please visit Chain Store Age.

Visitors to Sunrise Mall have a new technology store after Smart Tech Ready opened their doors last month.

The store focuses on mobile device cases and accessories. Shoppers looking to start a video channel can find ring lights with stands and there are headsets for gaming.

To read more, please visit Citrus Heights Sentinel.

San Antonio retail made notable progress in the first month of 2022, showing the local market is on a hot path if trends continue to stay steady through the new year.

NAI highlighted the notability of two tenants — Fitness Connection, a budget gym chain, and another undisclosed tenant —taking over the 141,606-square-foot former Sears location in South Park Mall.

The management firm behind the mall told the Business Journal it expects more business in non-traditional real estate interest as wealth creation remains concentrated in other areas of San Antonio.

“We’ve seen more of an uptick in non-traditional retail experiences, especially in centrally located destination hubs such as South Park Mall,” said Igal Nassim, director of leasing at Mason Asset Management in a statement to the Business Journal earlier this month.

To read more, please visit San Antonio Business Journal.

Eastdale mall has partnered with the Alabama Department of Public Health to give out free COVID-19 testing. The clinic will be open this week from 10 am to 6pm, Thursday though Saturday.

The following week it will be open at the same time Tuesday through Saturday. The drive through clinic will be at the Dillard’s location at the mall. ADPH will be providing saliva PCR testing. They are not requiring insurance for testing and you can either pre register or just head over to the mall for testing.

Flemington’s Borough Council has adopted an ordinance establishing the “Liberty Village Redevelopment Plan” that will transform the borough’s notable outlet mall into mixed-income housing units.

The plan, approved Monday night, consists of redeveloping the Liberty Village Redevelopment Area — which is comprised of 10 lots and about 23 acres — into multi-family residential and/or townhouse units that will accommodate a mix of incomes and household sizes, according to the redevelopment plan.

To read more, please visit NJ.com.

FLEMINGTON – The Borough Council has taken the first steps in the long road toward the redevelopment of Liberty Village.

By a 5-0 vote, the council approved the plan that gives a vision of what could be built on the 23-acre site of the nation’s first outlet center.

Namdar Realty Group bought Liberty Village in 2019. Namdar is a privately held, commercial real estate investment firm, owning and managing more than 51 million square feet of commercial real estate throughout the United States.

To read more, please visit mycentraljersey.com

GRAND ISLAND, Neb. (KSNB) – We have all been there its just a few days to Christmas and we still have a few gifts to buy. Fortunately some small businesses at the Conestoga Mall are helping their customers with those last minute gifts.

One small business I visited was Aundrea’s Boutique, they sells clothes and accessories for both boys and girls.

You can view the full video at KSNB Local4.

Few investors are queuing up to buy America’s unloved regional shopping malls. Landlords like Westfield’s owner need creative ways to unload them if they are to patch up their stock prices.

U.S. malls have lost a third of their value since their 2017 peak as the pandemic has accelerated the shift to e-commerce, according to real estate analytics firm Green Street. 

ome investors are making contrarian bets on the most tired malls. Real estate specialists Namdar Realty Group… have been buying assets cheaply and continuing to run them as retail locations.

To read more, please visit The Wall Street Journal.

A new discount department store is the first permanent tenant to be added to South Park Mall’s retail portfolio this year as mall management looks ahead to further retail growth in 2022.

Shopper’s World opened its first Alamo City location on Nov. 23. South Park Mall General Manager Christina Crouch said the new chain, operated by SW Group, is the first tenant of 2021 that isn’t a temporary lessee.

“We believe there are going to be a couple new changes happening in 2022. We are going to be expecting some lease openings.”

To read more, please visit San Antonio Business Journal.