By Chris Isaac JCPenney is finally closing in on wrapping up a deal with its new owners, Simon Property Group, and Brookfield Property Group. This comes after the historic department store h... Read more
By Chris Isaac Earlier this month it was revealed how severely the pandemic had impacted PREIT’s finances, as their trade value on the New York Stock Exchange had sunk to below one dollar. N... Read more
By Chris Isaac As COVID-19 has thrown challenges in the way of nearly every industry and business, people have been particularly curious how it would impact the holiday season. Malls are typ... Read more
Simon Property Group, the King of Prussia Mall owner, and Brookfield Property Partners have agreed to purchase J.C. Penney for $1.75 billion in debt and equity, writes Maria Halkias for The... Read more
As the real estate company Simon Property Group began buying up bankrupt retailers over the summer, the biggest source of speculation was whether there was truth to the rumors that they also... Read more
The challenges brought about by COVID-19 have forced many malls to try a lot of new things to keep their doors open, but the King of Prussia Mall owner, Simon Property Group, might be making... Read more
After JC Penney went bankrupt back in May due to the strain of lost business from COVID-19’s quarantine, rumors quickly began that the Simon Property Group was interested in buying them out.... Read more
A $100 million loan backed by the Montgomery Mall could be facing default and may result in its owner, Simon Property Group, relinquishing the property, writes Natalie Kostelni for the Phila... Read more
Prior to COVID-19 becoming the biggest threat to the longevity of shopping malls, many considered Amazon to be the largest opposition that was putting a clock on how much longer brick-and-mo... Read more
It is not a surprise to many that the difficult circumstances created by COVID-19 would spell the end of some mall retailers. However, Simon Property Group, the largest mall owner in the Uni... Read more
