Simon Property Group CEO David Simon said the continuing waves of Sears Holdings store closings are providing an opportunity for the mall operator, not hurting it. In an earnings call Thursday morning, Simon said 33 stores in Simon-owned properties have closed or will close around the end of this year. Simon said the 17 controlled solely by his REIT will be demolished, replaced and redeveloped — an effort that will cost $1 billion. “We’re putting […]
source https://therealdeal.com/chicago/2018/10/25/simon-property-group-ceo-were-putting-sears-in-our-rear-view-mirror/#new_tab
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