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The Westchester is owned by Simon Property Group Inc., an Indianapolis real-estate investment trust (REIT) that also owns the Galleria at White Plains; the Jefferson Valley Mall in Yorktown Heights; and the Nanuet Mall in Rockland County, which is slated for closure this summer.
... its fellow former Wilmorite property Freehold Raceway Mall in New Jersey which it valued at $528...
North Jersey malls don't die. They get redeveloped, re-stored and reborn. Predictions of the demise of the American shopping center have risen in recent months, as hundreds of mall stores have closed nationwide, vacant space is sitting empty longer and new developments such as Xanadu have been delayed. The statistics are stacked against traditional enclosed malls. Department stores and mall-based fashion retailers have had double- digit sales declines. Developers have stopped building enclosed malls, favoring power centers with big-box retailers, or lifestyle centers, which are collections of specialty stores.
..."Real estate investment trusts are 58 percent off their peak for stock prices. Th... to a project recently completed at Freehold Raceway Mall, is on the back burner until the econ...
... venture in two of Macerich's assets, Freehold Raceway Mall and Chandler Fashion Center. . Freeho... self-administered real estate investment trust, which focuses on the acquisition, leasing, manage...
A Syracuse, N.Y.-based leasing representative for mall owner Macerich Co., Kinsella will dangle an anchor-store "pad" that has remained vacant at Danbury Fair Mall since Macy's Inc. acquired Filene's, then shut down the Danbury store due to the presence of a Macy's among Danbury Fair Mall's four other anchor stores.
...., an Indianapolis real-estate investment trust (REIT) that also owns the Clinton Crossing Premium... after its fellow Wilmorite alumnus Freehold Raceway Mall in New Jersey which it valued at $528...
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