Monday, December 18, 2017

Mall News

The former Owings Mills Mall site will be redeveloped as an outdoor shopping center called Mill Station, to be anchored by a new Costco warehouse store. Kimco Realty Corp., the property’s owner, plans to start construction early next year on Mill Station, which should be completed by early 2019…Under construction off Route 95 in South Norwalk is the SoNo Collection, a 700,000 s/f enclosed mall. SoNo Collection will include Southern Connecticut’s only Nordstrom and Bloomingdale’s, according to developer GGP...AIG Global Real Estate Services, an affiliate of financial services provider American International Group Inc. has taken ownership of Bayshore Town Center, Glendale, WI, the mixed-use development, which includes stores, offices, apartments, restaurants and a movie theater. The ownership change  is the result of loan restructuring negotiations initiated by the previous owner, New York-based Olshan Properties...France’s Unibail-Rodamco will pay $24.7 billion to take over Westfield, creating a global property leader with 104 retail assets and a presence in 27 of the world’s biggest retail markets.The group will operate as a REIT in France, the Netherlands, the United Kingdom, and the United States.

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