Amazon Discussing Retail-to-Distribution Conversions

By Joe Dyton for The Broker List  Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution centers, according to The Wall Street Journal. Both department store chains filed for Chapter 11 bankruptcy and closed stores across the country. Simon malls have 63 J.C. Penney stores and 11 Sears, according to the company’s May public filing. The number of stores Amazon […]

Metrocenter: Seeking a Revival

By Corina Vanek for Phoenix Business Journal Once upon a time, Metrocenter was the king of the Valley’s shopping malls. Now, the nearly 47-year-old mall just off Interstate 17 and south of Peoria Avenue in Phoenix is becoming a decaying infestation that could afflict the surrounding area, at least according to a prominent city official. […]

The Changing Face of “The Mall”

By Roland Murphy for Arizona Builder’s Exchange Malls in America, and in the Valley, were once not only retail powerhouses, they were cultural centers as well. Nationwide, one point of community identity was which mall you lived closest to. The combined impacts of the Great Recession, urbanization trends, online retail and the reduction of the […]