Displaying items tagged: Brookfield Property Partners LP
Financial health of malls a mixed bag as some consider reusing vacant space
As national trends show a rapid decline in the value of shopping malls, West Michigan commercial real estate experts are most worried about the fate of RiverTown Crossings in Grandville.
After activity, rent revenues drop, malls stuck in ‘waiting game’ through holiday season
Business has been brutal this year at the Holland Town Center outdoor mall because of COVID-19 shutdown orders, compounded by the fact that unique retailers don’t have a one-size-fits-all approach for adapting to state orders.
Advanced battery market charged by strong EV growth projections
HOLLAND — Reports this month that LG Chem plans to build a second U.S. lithium-ion battery plant underscore how much the automotive industry has evolved in the six years since the company started making advanced batteries in West Michigan.
Brookfield Properties purchases former RiverTown Younkers location
GRANDVILLE — Mall owner Brookfield Property Partners LP has purchased the former Younkers store at RiverTown Crossings in Grandville. The purchase came as part of A&G Realty Partners’ auction of 10 department store properties formerly owned by Milwaukee-based The Bon-Ton Stores Inc., which filed for Chapter 11 bankruptcy protection in 2018. The Younkers location at The Lakes Mall in Fruitport Charter Township near Muskegon was also included in the auction.
Executives: Rivertown Crossings likely to see some form of redevelopment
GRANDVILLE — A 20-year-old mall in southwestern Kent County could potentially turn into a mixed-use “mini-city,” or be repositioned for a sale.
Owner of two West Michigan malls to be acquired in proposed $15 billion deal
The Chicago-based owner of two West Michigan malls has reached an agreement to sell in a deal that would reportedly create one of the largest retail property companies in the country.