General Growth Properties Largest Real Estate Bankruptcy in U.S. History

Well, it’s happened. U.S. mall owner General Growth Properties filed for Chapter 11 bankruptcy today. General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history. Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while […]

Tucson Mall; Tucson, Arizona

Tucson Mall, opened in 1982, is located on the north side of town along Oracle Road. ¬†With a central location, it is strategically positioned against the Tucson area’s other large, successful mall – Park Place Mall on the east side.¬† With 1.3 million square feet of retail space on two levels and five anchor pads, […]

Dillard’s Suing Simon and GGP Over Deteriorating Condition of Austin Mall

Here’s another interesting curiosity: Dillard’s, who maintains two stores at Austin’s beleaguered Highland Mall, is suing the Highland Mall Limited Partnership–made up jointly of General Growth Properties and Simon Property Group–for letting the mall deteriorate sharply. Dillard’s plans to close both of their stores in the center, which already lost JCPenney in 2006. Gang activity, […]

Old News: Goodbye to Gottschalks and Fortunoff

Isn’t it obvious it would turn out this way? On March 30, Gottschalks announced they were going to liquidate, extinguishing any hope the 105-year-old chain would continue to operate. We noted a few months ago that Gottschalks existed in a weird place–kind of a dowdy combo of Kohls and Macy’s, with mostly mall-based locations–and that […]

Paseo Nuevo Shopping Center; Santa Barbara, California

At this point, anyone who has followed shopping center developments even slightly over the past few years knows that enclosed malls–those raggamuffins we love so much at Labelscar–are kind of on the outs. Everything’s all about big box plazas and lifestyle centers nowadays, and the “eternal springtime” of indoor, air-conditioned corridors has lost popularity to […]