1 year ago Brookfield Property Sells Forever 21 Stake as Retail Continues to Drag Brookfield Property Partners sold its stake in Forever 21 for $63 million during Q1 2021, which contributed to the real estate company’s…
2 years ago Brookfield Plans to Go Private in $5.9 Billion Deal Brookfield Asset Management has proposed to take its mall operator arm private in a deal valued at $5.9 billion. The company plans…
2 years ago JCPenney Eyes $1.75 Billion Purchase By Brookfield And Simon Property J.C. Penney Company has entered an agreement in principle to sell JCPenney to Brookfield Property Partners and Simon Property Group for $1.75…
2 years ago JCPenney Lenders May Make Acquisition Bid After Other Talks Falter JCPenney’s top lenders, including H/2 Capital Partners, are preparing to make a credit bid to own the retailer as a standalone company,…
2 years ago In Bankruptcy Filing, Lucky Brand Proposes Sale To Authentic Brands And Simon Property Group Lucky Brand has negotiated a two-pronged primary asset purchase agreement, also known as a “stalking horse” bid, to sell its operating assets…
2 years ago Brookfield Properties Introduces Contactless Fitting Experience At Three Malls Brookfield Properties will roll out FIT:MATCH’s 3D AI-powered contactless match technology at three shopping centers across the U.S. The experience will debut…
2 years ago Report: Brookfield Sues Gap Over Unpaid Rent While Seeking Debt Relief Itself Major malls and the retailers within them have suffered financial devastation for months as COVID-19 shutdowns prevented them from doing business —…
2 years ago JCPenney Identifies 154 Stores Slated For Permanent Shutdown On June 12, JCPenney will begin permanent closures of 154 stores, “following a comprehensive evaluation of its retail footprint and a careful…
3 years ago Report: Judge Approves Forever 21 Sale To Simon, Brookfield And Authentic Brands Forever 21’s sale to Simon Property Group, Brookfield Property Partners and Authentic Brands Group was approved by a U.S. Bankruptcy Court judge…
3 years ago Kroger Will Sell CBD-Infused Products In 945 Stores; GGB Plans 280 CBD Shops By 2020 The CBD expansion rolls on: Kroger will roll out cannabidiol topical products within 945 stores in 17 states before the end of…
4 years ago Brookfield Acquires Remainder Of GGP Brookfield Property Partners has entered into a definitive agreement to acquire the share of real estate company GGP that it doesn’t already…