Month: December 2020

Top Ten Considerations For Reimagining Today’s Malls For Tomorrow’s Needs

For retailers and shopping center owners 2020 has been a year of massive and tumultuous reshaping. So far CoStar group has accounted for 11,157 store closings through December 1st.  

November brought another miserable first, with bankruptcy filings of two major REIT’s, CBL Properties and Pennsylvania Real Estate Investment Trust (PREIT). They both occupied the once healthy middle market, back when

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Lakeland Says Goodbye to Historic Men’s Clothing Store

LAKELAND, Fla. — Forbes ranked Lakeland as one of the fastest growing cities in the country and that prediction is supported by some of the cities latest development.


What You Need To Know

  • Nathan’s Men’s Clothing Store will close after 79 years of business
  • Lakeland has been ranked as one of the fastest growing cities in the county
  • A retail commercial bank will replace the clothing store
  • Restaurant and catering company Nineteen61 will be part of the building

In August, Lakeland signed another deal with Amazon that created hundreds of jobs and the city’s airport was recently approved for a

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S’porean, 21, sells stylish, thrifted clothes from S$4 at Queensway – Mothership.SG

Who says you have to spend a ton of money to look stylish? Not Rin Azhar, that’s for sure.

“I think personal style depends on how you put items together,” the 21-year-old explains to me as we stand in between racks of thrifted and vintage clothes at Threadlightly, Rin’s shop.

It’s a small but quaint shop, with light green walls adorned with paintings by local artists, four racks of clothing, a couple of shelves and boxes of accessories and books, and a small collection of tote bags hand-made by Rin’s mother.

Photo by Jane Zhang.

Nestled between a sports therapy

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Boca Center Sues High End Clothing Shop Over $119,000 In Back Rent

Guy La Ferrera International Design, courtesy Boca Center.

BOCA RATON, FL (BocaNewsNow.com) — Guy La Ferrera’s International Design — a high-end clothing shop — has been a tenant at Boca Center for more than two decades. But a lawsuit just filed by Boca Center reveals that Guy La Ferrera owes $119,943.95 in back rent.

[Reading in a news app? Click here for full story].

Based on the lease agreement, which you can read in its entirety below, Guy La Ferrera was charged $10,938 each month in 2016, $11,321 each month in 2017, $11,717 each month in 2018, $12,127 each month

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Sarasota’s Westfield Siesta Key mall is under new ownership

Laura Finaldi
 
| Sarasota Herald-Tribune

Starting next year, Westfield Siesta Key mall in Sarasota will no longer be a Westfield property.

The 435,000-square-foot mall, at U.S. 41 and Siesta Drive in the city of Sarasota, is now owned and operated by O’Connor Capital Partners, a real estate development, investment and management firm with offices in New York, Palm Beach and Mexico City.

Unibail Rodamco Westfield and O’Connor previously owned the mall in a joint-venture partnership in which O’Connor owned 49% of the property, but now O’Connor has acquired Westfield’s interest, according to a news release from both companies. Westfield will

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