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Club Pickleball opens at Meriden Mall, making it the latest change in the mall’s offerings

Property:

Category: Property News

Date: October 16, 2024

Barbara Shiels, of Meriden, and Kelly Korwek, of Hamden, trekked to the Meriden Mall this weekend to be among the first to use the courts at the newly opened Club Pickleball. Read more at CT Insider.

Troubled spaces into positive places: how business owners envision the future of Colorado Springs malls

Category: Property News

Date:

The future of malls in Colorado Springs is at a pivotal point, as safety concerns at The Citadel rise and the Chapel Hills Mall sees more department stores closing up shop. Read more at KOAA.

Downtown Minneapolis office towers sell at steep discount

Property:

Category: Acquisitions

Date: September 24, 2024

In 2019, DRA Advisors dropped $73.7 million for more than 630,000 square feet of office space in downtown Minneapolis. Five years later, DRA sold the same property for 91% less than what it bought the space for.

An entity in Great Neck, New York, called Namdar Realty Group has purchased the two office buildings located at 900 and 920 Second Ave. S. for $6 million from a group related to DRA Advisors called G&I IX OIC LLC. Read more at Finance & Commerce.

Couple brings positivity to the Citadel Mall

Property:

Category: Store Openings

Date: September 17, 2024

(COLORADO SPRINGS) — As the Citadel Mall in Colorado Springs works to make safety improvements, two 18-year-olds are hoping to bring families back to the mall by opening their frozen yogurt shop. Read more at Fox21News.

Spartanburg’s Westgate Mall purchased by NY-based firm

Property:

Category: Acquisitions

Date: June 25, 2024

Namdar Realty Group, a commercial real estate investment and management firm based in New York, purchased Westgate Mall in Spartanburg for over $15 million May 23. Read more at Upstate Business Journal.

Former Sears Space at Acadiana Mall to Open as a New CubeSmart Self-Storage Facility

Property:

Category: Property News

Date: June 03, 2024

In late 2022, it was announced that the former Sears space at the Acadiana Mall would be transformed into a new self-storage facility along with a car wash. However, the car wash aspect of the project has since been canceled, leaving only the self-storage component. Read more at Developing Lafayette.

New indoor pickleball complex with 24 courts planned at Colorado Springs mall

Category: Property News

Date: May 29, 2024

Pickleball is coming to the mall.

Peak Pickleball, a 24-court complex that its owner says will be the nation’s largest privately owned, indoor pickleball facility, will take over the vacant Burlington department store at the Chapel Hills Mall, northeast of Academy and Briargate boulevards in northern Colorado Springs. Read more at The Gazette.

Cleveland skyscraper’s new owner plans upgrades

Property:

Category: Acquisitions

Date: April 18, 2024

Purchase of Downtown Cleveland’s third-tallest skyscraper last week was officially confirmed today by the skyscraper’s new owner. A partnership of Namdar Realty Group and Mason Asset Management, both of Long Island, NY, also said they have a formed a five-year capital plan to improve 200 Public Square and hired a new building manager to carry out that plan. Read more at NEOTrans Blog.

Cayuga Heart & Vascular Opens at Ithaca Mall

Category: Store Openings

Date: April 04, 2024

A grand opening is set for Monday at Cayuga Health’s newest facility located at the Ithaca Mall, ensuring ease of access and exceptional care for patients. Read more at Finger Lakes Daily News.