Canada’s largest shopping mall owner is currently RioCan, owning several high profile and mid sized malls all across the country. And they’re doing well enough that they are now beginning to own malls and commercial properties in the U.S, after closing two deals in Pennsylvania. RioCan, recently engaged in a joint venture agreement...
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Archive for December, 2009
RioCan now Engaging in U.S. Mall Properties
Rise in Holiday Sales after $13M Mall Facelift
The largest shopping mall in Saint John’s saw a 10% hike in sales this holiday shopping season after undergoing a $13 million dollar makeover in the fall according to McAllister Place’s general manager. In addition to new stores being added, the mall’s makeover has added a new food court and other attractive amenities all...
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Brockton’s Westgate Mall Superseding Other Malls
The Westgate Mall has something to boast that many other malls wouldn’t have to boast about – its vacancy rate. It is currently enjoying the lowest rate of empty shops in the area in comparison to other malls who have high vacancy rates. However, some area residents complain that the selection of stores in...
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Busy Mall During Not-So-Great Economy
Burlington Mall was the place to be this past Thanksgiving, even though the weather wasn’t providing optimal driving conditions. Shoppers from all over flocked to Burlington Mall to shop for Christmas and Hannukah gifts for their friends and family. Linnea Gerrior-Kelliher is the director of the mall and said the number of...
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West Oaks Mall Comes Back to Life
West Oaks Mall is a well renowned mall in Texas which has been sold out of foreclosure. Los Angeles based Pacific Retail Capital Partners recently purchased it for $15 million. Steve Plenge of Pacific Retail believes the mall is in an idea location known to be a great trade area. Although major retailers J.C....
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Indoor Malls Constructs Community
During the holiday seasons in, Elgin mall is a place where children are rushing to cue up and have their pictures taken with Santa Clause, teenager perusing through their favourite stores, moms frantically searching for holiday bargains and seniors gather around benches to discuss current events. Elgin Mall is located in St. Thomas, Ontario...
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