Cupertino Square Hires New Leasing Team to Help Save Itself
October 8, 2008
When Vallco Mall (former name of Cupertino Square) was acquired out of bankruptcy a few years ago, the developers intended on creating an ethnically themed shopping center. After some struggles, the group brought onboard an AMC Theatre, a Lucky Strikes Bowling Alley, and a few other anchor restaurant tenants (Alexander’s Steakhouse, Dynasty Chinese Restaurant) and [...]
Read More >>General Growth on the Chopping Block?
October 4, 2008
There has been significant amount of talk this past week that General Growth Properties (GGP), the giant shopping mall REIT, could be on the chopping block. GGP’s local San Francisco Bay Area assets include the Stonestown Galleria in San Francisco, NewPark Mall in Newark, and Eastridge Mall in San Jose.
The REIT also owns a series [...]
Neiman Marcus, Bloomingdale’s Confirm Westfield Valley Fair Openings
September 14, 2008
Both Neiman Marcus and Bloomingdale’s have confirmed plans to open stores at Westfield Valley Fair in Santa Clara in 2011.
Bloomingdale’s will be constructing a three-level 150,000 square foot store and Neiman Marcus will be opening a two-level, 120,000 square foot store. Both are expected to open in time for the 2011 Christmas shopping season.
We previously [...]
Cupertino Square Trouble Continues as Gramercy Capital Pursues Foreclosure
August 21, 2008
Fighting between Cupertino Square Mall and Gramery Capital has culminated with a notice of default and sale being issued by the lender with a tentative auction date set for September 10th. The lender, Gramercy Warehouse Funding I LLC and United Commercial Bank, claim that Cupertino Square LLC is in default of its loan for the center.
The [...]
Valley Fair Expansion To Begin in January
August 15, 2008
Westfield Valley Fair, the 1.5 million square feet mall on the border of Santa Clara and San Jose will break ground on a 500,000 square foot expansion in January. At $809 per square foot excluding anchors, the mall is one of the best performing shopping centers in the United States ringing up sales almost twice [...]
Read More >>Build It And They Won’t Come…. The Story of South China Mall
June 16, 2008
South China Mall, a 7 million square feet monstrosity (the largest mall in the world), sprawled over 200 acres and built in 2005 in the southern Pearl River Delta city of Dongguan sits nearly empty. The mall was originally designed to house 1,500 tenants. There are less than a dozen. The mall was featured a [...]
Read More >>New Software Allows Mall Owners and Retailers To Analyze Foot Traffic
December 15, 2007
In the online world, software has enabled retailers to analyze visitors shopping patterns with a click of a mouse. In the brick and mortar world of retailing, developers, architects, and retailers each spend massive amounts of time and money designing projects and stores in ways which maximize foot traffic and stickiness, which for developers means [...]
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