Category: Mall

Brookfield Properties’ retail arm is laying off 20% of its workforce

People walk through the Brookfield Place Pavilion at the World Trade Center West Concourse pedestrian transit connection in New York City.

Getty Images

One of the biggest retail real estate owners in the country, Brookfield Properties, is going through a major round of job cuts, CNBC has learned, as the coronavirus pandemic takes a toll on its business and new leasing activity at its malls dries up. 

“While many companies were quick to implement furloughs and layoffs at the onset of the pandemic, we made the conscious decision to keep all our team employed while we gained a better understanding

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Philadelphia Mall Owner Takes Care Of Its Own

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Randolph Mall is renovating: Here’s what’s happening

New carpet, flooring, lighting, entrances, bathrooms, construction all will come with a new name: Asheboro Mall

Ray Criscoe
| The Courier-Tribune

ASHEBORO — “Oh, wow … this is different!”

That’s the reaction the owners of Randolph Mall are hoping for when renovations are complete and long-time customers return for the Christmas shopping season.

Er, actually, make that … Asheboro Mall. A new name is among the massive number of changes taking place in the 38-year-old mall in an effort to introduce the public to a brand new experience.

Hull Property Group of Augusta, Ga., which purchased the mall at the

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American Dream mall to reopen in October. What we know, including the tenant it just lost – News – New Jersey Herald

As the American Dream mega-mall prepares to reopen Oct. 1 and launch its water park and retail offerings, the beleaguered entertainment center has lost another major tenant to bankruptcy: Century 21 department store.

The retailer famous for its discount designer labels is one of 20 stores that have been cleared for occupancy at the complex, according to state records.

Century 21 — which declared Chapter 11 protection last week — is instead closing its stores, winding down operations and holding going out of business sales at all locations. The company announced in 2016 that it would open a 60,000-square-foot store

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