More Friction in Store at Rival Malls? Glendale Galleria updates as Caruso takes stock Alexa Hyland / Los Angeles Business Journal Glendale Galleria weathered the arrival of Americana at Brand across the street but now faces the departure of its high-end anchor, Nordstrom, to the ever-expanding rival shopping center owned by Rick Caruso. However, the […]

Supermarkets, Fitness Centers & Theaters All Serve as Alternate Anchors for Regional Malls Elaine Misonzhnik / Retail Traffic The long-in-the-making decline of department stores has been forcing regional mall firms to search for alternative anchors for years. In the past decade, big-box stores, restaurants, discounters and other large space users have all popped up as […]

New Forever 21 changes face of Fashion Fair Bethany Clough / The Fresno Bee Modesto’s Forever 21 opened two of three floors in a former 154,500-square-foot store Gottschalks in 2009, but is now closed for a six-month renovation. The new Fresno store is more than 10 times larger than the existing one. Jeff Green, a […]

Are Reits Rights For Department Stores? Joel Groover / Shopping Centers Today Thanks in part to some high-profile real estate moves at Dillard’s and JC Penney Co., speculation about the value locked up in department stores’ real estate is running high. And yet so is skepticism about the potential impact of these headline-grabbing “real estate […]