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Zocalo: A Diamond Amidst the Rubble of the Ithaca Mall

Property:

Category: Uncategorized

Date: March 03, 2023

Desolate, depressing and deprived of customers are just three adjectives to describe the current state of the Ithaca Mall. With the rise of internet transactions, the Ithaca Mall slowly began its decline from mediocrity into a full-fledged embarrassment to Ithaca. The COVID-19 pandemic has only made the emptiness and despair of the mall become even more pronounced. 

Many Cornell students probably just know the Ithaca Mall for Target and maybe the Regal Cinema movie theater. Only the brave few wander into the underdeveloped center of the mall where dark, vacated stores outnumber thriving ones by a great magnitude. The food court is no exception. In the center of the mall, in a space that should be the beating heart of the mall’s lifeline, lies the grubby and dimly lit remnants of a once popular food court. All that remains now is a Sicilian Delight pizza joint, a Subway and an Auntie Annes, the latter of which only serves food that is best considered a snack. However, despite the darkness and dinginess of the mall, to the right of the abyss of the foodcourt lies a warmly lit establishment, a promising beacon of hope: Zocalo.

To read more, please visit Cornell Sun.

Gulf View Square Mall in Port Richey gets new life from small local businesses

Property:

Category: Property News

Date: February 03, 2023

For years, major national chains lifted Gulf View Square Mall to popular heights in Port Richey.

But online shopping challenged and changed mall culture, leading to empty storefronts, disappearing box stores — goodbye Sears — and dwindling visitors.

But if national can’t save malls, maybe local can?

Gulf View Square Mall is experiencing a rebirth by courting small local businesses with discounted rent and making the mall a bustling community hub with “Markets in the Mall,” which bring in 60 vendors and 5,000 visitors.

To read more, please visit ABC Action News.

New Trumbull mall owners make a good first impression on town officials

Property:

Category: Uncategorized

Date: January 12, 2023

The new owner of the former Trumbull Westfield mall, Namdar Realty Group, made a good first impression on public officials during their first meeting, the town’s top elected official and economic development director said Friday.

First Selectwoman Vicki Tesoro said a Thursday afternoon meeting with officials with the Great Neck, N.Y. mall operator “went very well.” Tesoro and Rina Bakalar, the town’s economic development director, said Namdar officials have agreed to regular meetings with Trumbull leaders to head off any potential concerns.

To read more, please visit CT Insider.

Westfield Trumbull mall sold as part of deal worth $196 million

Property:

Category: AcquisitionsProperty News

Date: January 05, 2023

The company that owns the Westfield Trumbull mall announced it has sold the property, as well as another mall it owns on Long Island.

A release from Unibail-Rodamco-Westfield put the value of the sale at $196 million.

To read more, please visit News 12 The Bronx.

Westfield South Shore mall sells as part of $196M deal

Property:

Category: AcquisitionsProperty News

Date:

A Paris-based real estate company has sold its second Long Island mall in two years, as it tries to reduce its debt by unloading its U.S. retail properties.

Westfield South Shore in Bay Shore and Westfield Trumbull in Trumbull, Connecticut, were sold by Unibail-Rodamco-Westfield for $196 million Friday, URW said in a statement Tuesday.

To read more, please visit Newsday.

Westfield South Shore Mall Sold To Real Estate Investment Firm

Property:

Category: AcquisitionsProperty News

Date:

BAY SHORE, NY — Westfield Mall South Shore in Bay Shore, along with Westfield Trumbull in Trumbull, Connecticut, were officially sold for a total of $196 million last week.

Unibail-Rodamco-Westfield, a French company which owns 21 malls in the U.S. and several international locations, said in a news release that it sold the two malls Friday to commercial real estate investment firm Namdar Realty Group.

To read more, please visit Patch.

Unibail Further Unwinds Its US Mall Portfolio With Two Sales to Namdar, Partners

Property:

Category: AcquisitionsProperty News

Date:

Global retail landlord Unibail-Rodamco-Westfield ended the year by selling two malls for $196 million to buyers including Namdar Realty Group as it continued its quest to divest its U.S. portfolio coast to coast.

To read more, please visit: Costar

Ribbon Cutting – Eastdale Mall Roller Palace

Property:

Category: Property News

Date: November 28, 2022

A big change is coming to Eastdale Mall — namely the removal if its ice skating rink.

The Ice Palace has been a staple of the mall for decades, but the mall’s general manager, Richard Holman, said it’s time for a change. He said they are converting it into a roller skating rink instead.  Come and help us celebrate the Grand Opening of the Eastdale Mall Roller Palace!

To read more, please visit Montgomery Area Chamber of Commerce.

Affordable Fashion Shop Opens at South Jersey Mall

Property:

Category: Uncategorized

Date: November 23, 2022

A new fashion store has opened at the Hamilton Mall.

Rainbow Shops offers affordable clothing, shoes, and accessories for women, juniors, plus sizes, and kids.

“We are committed to the future of the Hamilton Mall and its use as a retail and lifestyle destination. Rainbow Shops will provide shoppers with another fair-priced American retail shopping option while visiting the mall,” said Igal Nassim of Mason Asset Management, which is responsible for leasing efforts at Hamilton Mall.

To read more, please visit New Jersey 101.5.