Simon Property Group turns to ‘B’ malls for growth

Quick Summary:

Over the next two years, the real estate investment trust will work to make upgrades and fill empty spaces at lower-performing centers.

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Smith Haven Mall on Long Island, New York, is on the list, and the investment into it over the next couple of years will probably bring about a 12% return, he said.

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Article Details

Author / Journalist: Daphne Howland

Category: Business

Markets: United States

Topics: Techtarget Mall Obsolete Registered Empty Been Asset Simon Properties Malls Years

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 12:08:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 25911595

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Main Topics: Business

Official Website: retaildive.com

Update Frequency: 2 posts per day

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

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