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Failing Malls: Optimizing Opportunities for Housing a Research Report from the National Center June 2021 for Sustainable Transportation
Failing Malls: Optimizing Opportunities for Housing A Research Report from the National Center June 2021 for Sustainable Transportation Hilda Blanco, University of Southern California TECHNICAL REPORT DOCUMENTATION PAGE 1. Report No. 2. Government Accession No. 3. Recipient’s Catalog No. NCST-USC-RR-21-09 N/A N/A 4. Title and Subtitle 5. Report Date Failing Malls: Optimizing Opportunities for Housing June 2021 6. Performing Organization Code N/A 7. Author(s) 8. Performing Organization Report No. Hilda J. Blanco, Ph.D., http://orcid.org/0000-0001-7454-9096 N/A 9. Performing Organization Name and Address 10. Work Unit No. University of Southern California N/A METRANS Transportation Consortium 11. Contract or Grant No. University Park Campus, VKC 367 MC:0626 Caltrans 65A0686 Task Order 021 Los Angeles, California 90089-0626 USDOT Grant 69A3551747114 12. Sponsoring Agency Name and Address 13. Type of Report and Period Covered U.S. Department of Transportation Final Report (November 2019 – March Office of the Assistant Secretary for Research and Technology 2021) 1200 New Jersey Avenue, SE, Washington, DC 20590 14. Sponsoring Agency Code USDOT OST-R California Department of Transportation Division of Research, Innovation and System Information, MS-83 1727 30th Street, Sacramento, CA 95816 15. Supplementary Notes DOI: https://doi.org/10.7922/G2WM1BQH 16. Abstract California, like most of the country, was facing a transformation in retail before the COVID-19 epidemic. Increasing Internet shopping have ushered the closing of anchor stores, such as Macy's, Sears, as well as the closure of many regional shopping malls, which have sizable footprints, ranging from 40-100+ acres. -
Brookfield Properties' Retail Group Overview
Retail Overview Brookfield Properties’ Retail Group Overview We are Great Gathering Places. We embrace our cultural core values of Humility, Attitude, Do The Right Thing, H Together and Own It. HUMILITY Brookfield Properties’ retail group is a company focused A ATTITUDE exclusively on managing, leasing, and redeveloping high- quality retail properties throughout the United States. D DO THE RIGHT THING T TOGETHER O HEADQUARTERS CHICAGO OWN IT RETAIL PROPERTIES 160+ STATES 42 INLINE & FREESTANDING GLA 68 MILLION SQ FT TOTAL RETAIL GLA 145 MILLION SQ FT PROFORMA EQUITY MARKET CAP $20 BILLION PROFORMA ENTERPRISE VALUE $40 BILLION Portfolio Map 2 7 1 4 3 5 3 6 2 1 2 1 1 2 1 3 3 3 1 1 2 4 1 2 1 3 2 1 1 10 4 2 5 1 4 10 2 3 3 1 48 91 6 5 6 2 7 6 4 5 11 7 4 1 1 1 2 2 2 5 7 1 2 1 2 1 1 1 1 6 1 3 5 3 4 15 19 2 14 11 1 1 3 2 1 2 1 1 3 6 2 1 3 4 18 2 17 3 1 2 1 3 2 2 5 3 6 8 2 1 12 9 7 5 1 4 3 1 2 1 2 16 3 4 13 3 1 2 6 1 7 9 1 10 5 4 2 1 4 6 11 5 3 6 2 Portfolio Properties 1 2 3 3 3 1 7 4 Offices 13 12 2 Atlanta, GA 7 3 1 1 Chicago, IL Baltimore, MD 8 5 2 Dallas, TX 4 Los Angeles, CA 6 New York, NY 8 2 9 5 Property Listings by State ALABAMA 7 The Oaks Mall • Gainesville 3 The Mall in Columbia • Columbia (Baltimore) 9 Brookfield Place • Manhattan WASHINGTON 8 Pembroke Lakes Mall • Pembroke Pines 4 Mondawmin Mall • Baltimore 10 Manhattan West • Manhattan 1 Riverchase Galleria • Hoover (Birmingham) 1 Alderwood • Lynnwood (Seattle) 5 Towson Town Center • Towson (Baltimore) 11 Staten Island Mall • Staten Island 2 The Shoppes at Bel Air • Mobile (Fort Lauderdale) -
Case 1:20-Cv-02866-ALC Document 60 Filed 05/22/20 Page 1 of 13
Case 1:20-cv-02866-ALC Document 60 Filed 05/22/20 Page 1 of 13 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -x : E2W, LLC, A DELAWARE LIMITED : LIABILITY : COMPANY, : 1:20-cv-02866-ALC : Plaintiff, -against- : KIDZANIA OPERATIONS, S.A.R.L., a : ANSWER TO COMPLAINT Luxembourg corporation, : : Defendant : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -x KING & SPALDING LLP Richard Marooney 1185 Avenue of the Americas 34th Floor New York, New York 10036 Telephone: (212) 556-2100 [email protected] Jeanne A. Fugate (admitted pro hac vice) 633 West Fifth Street Suite 1600 Los Angeles, California 90071 Telephone: (213) 443-4355 [email protected] Christopher G. Caldwell (admitted pro hac vice) 633 West Fifth Street Suite 1710 Los Angeles, California 90071 (213)712-8079 [email protected] Case 1:20-cv-02866-ALC Document 60 Filed 05/22/20 Page 2 of 13 ANSWER Defendant KidZania Operations, S.A.R.L. (“KidZania”), by and through its undersigned counsel, hereby answers the Complaint of Plaintiff E2W, LLC (“E2W”). KidZania answers this Complaint upon Order of the Court, notwithstanding that E2W has separately filed an arbitration demand in the International Chamber of Commerce (“ICC”). KidZania does not intend by providing an Answer to waive its right to defend against E2W’s claims, including those set forth in this Complaint, in the arbitral forum that the parties selected and specifically includes affirmative defenses regarding arbitration to preserve its rights in this regard: 1. As to Paragraph 1, KidZania lacks sufficient knowledge or information to admit or deny the allegations in Paragraph 1 and on that basis denies each and every allegation. -
Department Stores on Sale: an Antitrust Quandary Mark D
Georgia State University Law Review Volume 26 Article 1 Issue 2 Winter 2009 March 2012 Department Stores on Sale: An Antitrust Quandary Mark D. Bauer Follow this and additional works at: https://readingroom.law.gsu.edu/gsulr Part of the Law Commons Recommended Citation Mark D. Bauer, Department Stores on Sale: An Antitrust Quandary, 26 Ga. St. U. L. Rev. (2012). Available at: https://readingroom.law.gsu.edu/gsulr/vol26/iss2/1 This Article is brought to you for free and open access by the Publications at Reading Room. It has been accepted for inclusion in Georgia State University Law Review by an authorized editor of Reading Room. For more information, please contact [email protected]. Bauer: Department Stores on Sale: An Antitrust Quandary DEPARTMENT STORES ON SALE: AN ANTITRUST QUANDARY Mark D. BauerBauer*• INTRODUCTION Department stores occupy a unique role in American society. With memories of trips to see Santa Claus, Christmas window displays, holiday parades or Fourth of July fIreworks,fireworks, department storesstores- particularly the old downtown stores-are often more likely to courthouse.' engender civic pride than a city hall building or a courthouse. I Department store companies have traditionally been among the strongest contributors to local civic charities, such as museums or symphonies. In many towns, the department store is the primary downtown activity generator and an important focus of urban renewal plans. The closing of a department store is generally considered a devastating blow to a downtown, or even to a suburban shopping mall. Many people feel connected to and vested in their hometown department store. -
Canadian Institute of Public Real Estate Companies
“City Building”: The Live – Work – Play Paradigm 2012 Guest Speaker Douglas T. Linde President and Director Boston Properties 2012 Guest Speaker David Frum Best Selling Author & Political Analyst 2012 Guest Speaker David Miller Former Mayor of Toronto & Former Head of the C40 2012 REALpac Chief Executives Retreat Welcome To Boston! 2012 REALpac Chief Executives Retreat Greetings from the Governor 2012 REALpac Chief Executives Retreat Guest Speakers Douglas T. Linde – President & Director adviser to the Rudy Giuliani presidential campaign. Frum is a Boston Properties Keynote Speaker member of the board of directors of the Republican Jewish Mr. Douglas T. Linde has been a director Coalition. David Frum was born in Toronto, Canada in 1960. He since January 21, 2010. Mr. Linde serves as received a simultaneous B.A. and M.A. in history from Yale in 1982. President of Boston Properties, Inc. Prior to his He was appointed a visiting lecturer in history at Yale in 1986; in appointment to this position in May 2007, he 1987, he graduated cum laude from the Harvard Law School, served as Executive Vice President since where he served as president of the Federalist Society. January 2005 and he also served as Chief Financial Officer and Treasurer from 2000 until November 2007. He joined Boston Properties in January 1997 as Vice President of Acquisitions and New Business David Miller – Partner, Aird & Berlis, (Mayor to help identify and execute acquisitions and to develop new of Toronto from 2003 - 2010, former Chair of business opportunities and was promoted to Senior Vice President the C40 and Urban Green Jobs Advocate) for Financial and Capital Markets in October 1998. -
Brookfield Properties Office Locations
Brookfield Properties Office Locations Beauregard housel mordaciously. Gravid and enabling Wiley disarticulating her churinga rewarm temporisingly or circumvent unfalteringly, is Stuart buirdly? Darin refreezes traverse. The Corporation will pair for appropriate funding, a complex all four buildings of office and post space in Battery Park City. They are checking your brookfield office locations, offices are not know about the. Brookfield Asset Management reviews. Registering takes great seafood menu with brookfield properties operates our financial center is located in an even more efficient and. How can be adversely affected if brookfield properties common shares are at mall directory to students earn this could adversely affect our locations in offices. Leasable area of brookfield properties news is located in the management focused on my property level of insurance program. Web Site Design by Captiva Marketing. Yet even office properties current inventory home books events in brookfield properties is located in addition to every year each meeting shall be. Such properties assets include target markets inc an office. Shares of brookfield place in recent years following four taxable income taxes on our locations across north america plaza marks a share for. You love at the law firm signed a salesforce developer of events impacting reits invest in austria and casualty insurance may encounter. How to brookfield properties is located or disposed of brookfield square in times of our locations throughout san marcos sorrento mesa temecula vista center. Brookfield Office Properties owns, which itself is still subsidiary of alternative asset management company Brookfield Asset Management. If body are at an hospital or shared network, is required to pay federal, pet policies and more! As office properties in brookfield. -
Pinstripes Announces Strategic Partnership with Urw-Westfield and Opening of Five Locations in 2022
PINSTRIPES ANNOUNCES STRATEGIC PARTNERSHIP WITH URW-WESTFIELD AND OPENING OF FIVE LOCATIONS IN 2022 CHICAGO, ILLINOIS (JULY 7, 2021) – Pinstripes, Inc. the best-in-class experiential dining and entertainment concept, announced that it has completed a strategic partnership with Unibail- Rodamco-Westfield (URW) whereby Pinstripes has signed definitive leases with URW for two first-to-market locations to open in 2022 - Paramus, NJ at Westfield Garden State Plaza, and Los Angeles, CA at Westfield Topanga –These leases will further enable Pinstripes to accelerate its expansion plans of opening over 100 locations throughout the U.S. and overseas over the next several years. This transaction, coupled with four prior strategic partnerships that Pinstripes has completed over the last three years with Hudson’s Bay Company, Brookfield Properties, Simon Property Group and O’Connor/LaSalle represent twenty future Pinstripes locations and approximately $150 million in funding, comprised of $34 million in minority equity, and the balance in tenant improvement financing. The Company currently operates thirteen locations in nine states, plans to open five additional locations in 2022 (the above two URW locations plus Aventura, Coral Gables and Orlando, FL), and has a robust pipeline of additional locations across the country and abroad. “We’re excited to work with the URW team to tailor our unique spin on dining and entertainment to two of the most dynamic centers in the U.S.”, said Dale Schwartz, founder and CEO of Pinstripes. “Our iconic venues feed the souls of our guests, young and old, and are sought out more than ever in this post-COVID environment. -
Regular Meeting January 2, 2020
CITY OF NORWALK PLANNING COMMITTEE REGULAR MEETING JANUARY 2, 2020 ATTENDANCE: Tom Livingston, Chair; Lisa Shanahan; Barbara Smyth; Tom Keegan; Darlene Young (7:10) STAFF: Sabrina Church, Business, Development and Tourism; Jessica Casey, Economic & Community Development; Brian Bidolli, Redevelopment Agency OTHERS: William Hennessey, Brookfield Properties; Paul Madden, Brookfield Properties; Diane Lauricella CALL TO ORDER Mr. Livingston called the meeting to order at 7:01. A quorum was present. PUBLIC PARTICIPATION Ms. Lauricella addressed the committee by welcoming its new members. She said that she had been at several town committee meetings and noted that the Planning Committee had significant influence on the City. She requested that the new committee make sure that public outreach efforts happen often and early. She asked for more sensitivity with regards to scheduling in the future, especially on Wednesdays, which conflict with Bible study. She explained that she is an environmental consultant based in Norwalk with experience in sustainable and green design. She said she will meet to discuss opportunities with council members and referred to the Pearl Street plans. She talked about an industrial zone study for future apartment buildings and encouraged the committee to “think outside the box” in order to attract new industry. She also encouraged connecting with the water quality committee on the matter, as well as engaging with other boards. She concluded by saying that the Planning Committee has more influence than other committees and wished them a lovely meeting ahead. APPROVAL OF MINUTES **MR. KEEGAN MOVED FOR APPROVAL OF THE DECEMBER 5, 2019 MINUTES **MS. SHANAHAN SECONDED **MOTION PASSES UNANIMOUSLY. -
General Background
The Pennsylvania State University The Graduate School College of Earth and Mineral Sciences RESTRUCTURING DEPARTMENT STORE GEOGRAPHIES: THE LEGACIES OF EXPANSION AND CONSOLIDATION IN PHILADELPHIA’S JOHN WANAMAKER AND STRAWBRIDGE & CLOTHIER, 1860-1960 A Thesis in Geography by Wesley J Stroh © 2008 Wesley J Stroh Submitted in Partial Fulfillment of the Requirements for the Degree of Master of Science August 2008 The thesis of Wesley J. Stroh was reviewed and approved* by the following: Deryck W. Holdsworth Professor of Geography Thesis Adviser Roger M. Downs Professor of Geography Karl Zimmerer Professor of Geography Head of the Department of Geography *Signatures are on file in the Graduate School. ABSTRACT RESTRUCTURING DEPARTMENT STORE GEOGRAPHIES: THE LEGACIES OF EXPANSION AND CONSOLIDATION IN PHILADELPHIA’S JOHN WANAMAKER AND STRAWBRIDGE & CLOTHIER, 1860-1960 Consolidation in the retail sector continues to restructure the department store, and the legacies of earlier forms of the department store laid the foundation for this consolidation. Using John Wanamaker’s and Strawbridge & Clothier, antecedents of Macy’s stores in Philadelphia, I undertake a case study of the development, through expansion and consolidation, which led to a homogenized department store retail market in the Philadelphia region. I employ archival materials, biographies and histories, and annual reports to document and characterize the development and restructuring Philadelphia’s department stores during three distinct phases: early expansions, the first consolidations into national corporations, and expansion through branch stores and into suburban shopping malls. In closing, I characterize the processes and structural legacies which department stores inherited by the latter half of the 20th century, as these legacies are foundational to national-scale retail homogenization. -
Brookfield Properties: Livesafe Prevents Hundreds of Thousands of Dollars in Property Damage in Just 12 Hours
CASE STUDY Brookfield Properties is leveraging LiveSafe to stay ahead of emerging threats during daily operations and special events. BROOKFIELD PROPERTIES: LIVESAFE PREVENTS HUNDREDS OF THOUSANDS OF DOLLARS IN PROPERTY DAMAGE IN JUST 12 HOURS ABOUT BROOKFIELD THE CHALLENGE Brookfield Properties manages two hundred Sometimes even major events that are planned many million square feet of office space, making months in advance can change rapidly and get out of it one of the largest commercial real estate control, placing a premium on prevention efforts and management companies in the world. getting ahead of emerging threats. In 2017, Brookfield’s Washington D.C. team found THE SITUATION themselves in the middle of just such a situation. It Nationwide, Brookfield Properties manages was the inauguration of President Donald J. Trump office space in Boston, New York, and Washington D.C. was beset by protests, some of Washington D.C., Houston, Denver, Los them violent. Angeles and San Francisco. It’s a massive operation that requires a fully integrated Brookfield stood up an ad-hoc Security Operations technology infrastructure to collect timely Center (SOC) and deployed LiveSave to its on-duty safety and security information. supervisors and dozens of contract security officers who had never used the system before. Immediately, One of the most powerful aspects of the Brookfield’s deployed security officers were able to Brookfield Property security apparatus is report emerging safety and security incidents and the way in which the company has integrated direct resources where they were needed. LiveSafe’s community sourced intelligence capabilities into their physical security The volume and pace of the reports enabled information management system, as well as its Brookfield managers to take proactive measures ability to leverage risk intelligence to allocate ahead of protest movements that ultimately resources when and where they are needed. -
Retail History Data
Retail History Data Taken from Our Video on the History of American Retailing 12 Largest US Metropolitan Areas, 1930 City Metropolitan Area Population, 1930 NY 10,901 Chicago 4,365 Philadelphia 2,847 Los Angeles 2,318 Boston 2,308 Detroit 2,105 Pittsburgh 1,954 St. Louis 1,294 San Francisco 1,290 Cleveland 1,195 Baltimore 949 Minneapolis 832 Estimated Biggest Single US Department Stores, 1963 Store City Sales ($MM) Macy’s NY 168 Field’s Chicago 135 Hudson’s Detroit 110 A&S Brooklyn 100 Jordan Marsh Boston 90 Lazarus Columbus 85 Bloomingdale’s NY 78 Hudson’s Northland, Detroit 75 Dayton’s Minneapolis 72 Rich’s Atlanta 70 Kaufmann’s Pittsburgh 67 Wanamaker’s Philadelphia 67 Famous-Barr St. Louis 65 Carson Pirie Scott Chicago 60 Filene’s Boston 59 Saks 5th Avenue NY 59 Highest Single Store Revenues Adjusted for Inflation to 2010 Dollars Store City Year Sales in 2010 $ (MM) AT Stewart NY 1873 $ 217 Wanamaker Philadelphia 1902 $ 442 Macy’s New York 1906 $ 403 Field’s Chicago 1906 $ 610 Bon Marche Paris 1906 $ 965 Macy’s NY 1930 $ 1286 Hudson’s Detroit 1953 $ 1242 ? Field’s Chicago 1962 $ 969 Hudson’s Northland 1962 $ 538 Japanese Stores Tokyo 1990s-2000s $ 2500-3000 A&P Number of Stores Year Number of Stores 1860 1 1865 4 1870 11 1881 100 1890 150 1901 198 1906 291 1910 372 1912 480 A&P Number of Stores Year Number of Stores 1912 480 1913 585 1914 991 1915 1,817 1916 2,866 1917 3,782 1918 3,799 1919 4,224 1920 4,621 1923 9,303 1925 14,034 1927 15,671 Largest Grocery Chains 1929 Chain Base Stores Sales ($MM) A&P NY 15,418 $1054 Kroger Cinci -
Gsms 2019-Gc42
Presale: GSMS 2019-GC42 September 10, 2019 PRIMARY CREDIT ANALYST Preliminary Ratings Andy A White, CFA Centennial Class(i) Preliminary rating Preliminary amount ($) CE (%) (1) 303-721-4890 A-1 AAA(sf) 11,528,000 30.000 andy.white @spglobal.com A-2 AAA(sf) 117,422,000 30.000 SECONDARY CONTACT A-3 AAA(sf) TBD 30.000 John V Connorton III A-4 AAA(sf) TBD 30.000 New York A-AB AAA(sf) 20,849,000 30.000 (1) 212-438-3892 john.connorton X-A AAA(sf) 823,402,000 N/A @spglobal.com X-B(iv) NR 89,332,000 N/A A-S AAA(sf) 98,394,000 20.500 B AA-(sf) 45,313,000 16.125 C NR 44,019,000 11.875 D(iv) NR 28,482,000 9.125 X-D NR 50,491,000 N/A E(iv) NR 22,009,000 7.000 F-RR(iv) NR 22,010,000 4.875 G-RR(iv) NR 10,357,000 3.875 H-RR(iv) NR 40,134,720 0.000 VRR(iv) NR 27,400,000 N/A Note: This presale report is based on information as of Sept. 10, 2019. The ratings shown are preliminary. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. Accordingly, the preliminary ratings should not be construed as evidence of final ratings. This report does not constitute a recommendation to buy, hold, or sell securities. (i)The certificates will be issued to qualified institutional buyers according to Rule 144A of the Securities Act of 1933.