Tag Archives: Shopping malls

6.5.17: Redevelopment Strategies for Former Department Stores

With reports of department store closings now routine, particularly in mall locations, mall owners are actively redeveloping these spaces for alternative uses in strong markets. CBL & Associates recently redeveloped a vacant Sears store at Fayette Mall in Lexington, Kentucky, … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , | Leave a comment

10.24.16: Simon and GGP Rescue Aeropostale; Is This the Future of Retailing?

A consortium led by developers Simon Property Group (SPG) and General Growth Properties (GGP) won an auction for the assets of Aeropostale in September. The group plans to keep open 299 of the bankrupt retailer’s stores. Aeropostale was facing liquidation … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , , | Leave a comment

5.17.16: deadmalls.com

When I first began to analyze CMBS bonds with my associate, Jim Brett, he discovered a website called deadmalls.com. There are a lot of mall loans in CMBS, and in 2008, when Jim and I began analyzing distressed CMBS for our … Continue reading

Posted in CMBS, CMBS Securities, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , , | Leave a comment

5.6.14: Malls Struggle When Anchors Leave

Shopping malls, already negatively impacted by internet retailing (see our 2.18.14 post “More Thoughts on the Future of Retail”), often find themselves in a serious downward spiral when anchor tenants close their doors. Anchor tenants are traditionally defined as national … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , , | Leave a comment