Sandy Sigal photo with Bricktown Square shopping center sign

Road to retail recovery: Bricktown Square mall sells

While the pandemic devastated many Chicago malls and retailers, Bricktown Square on the West Side averted disaster, with tenant occupancy holding at 94 percent at the end of 2020. And with the city and state now having fully reopened, owner Bonnie Investment Group decided it was the right …

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NewMark Merrill Buys Shopping Center in Chicago

The 292,309-square-foot retail center, Bricktown Square, located at the corner of North Narragansett and West Fullerton Avenue in Chicago, was purchased from Bonnie Investment Group, with NewMark Merrill planning to invest in upgrades to the property. “We identified this off-market shopping center over two years ago, saw its …

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Janss Marketplace Prom 2021

Shopping Center Saves High School Prom Experience

THOUSAND OAKS, CALIF (June 16, 2021) – Thousand Oaks High School students attended one of the most memorable events of their school life – the Prom – thanks to a creative and generous local business.  After the official Thousand Oaks High School prom was cancelled due to …

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Bricktown Square shopping center in Chicago

California investor buys big West Side shopping center

The deal offers another sign that the investment market for big retail properties is stirring again after grinding to a halt during the pandemic. Bricktown Square A California investment firm with a growing appetite for Chicago-area shopping centers has acquired its fourth property here: Bricktown Square on the city’s …

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Outdoor mall

Developers Are Finding New Uses for Shopping Malls

The massive old Sears property that occupies a prime spot on Santa Monica Boulevard in Hollywood is on the verge of a revival. But the vacant department store isn’t poised for a fresh coat of paint and a new retailer. Instead, the space will be converted into a …

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Globe St 2021 Top Influencers

In April, the retail sector got the best news it had received since the pandemic started: retail sales for the month of March jumped 9.8%—the biggest monthly jump since May 2020. Retail REITs are also performing well this year, with malls and shopping centers up 33.6% and …

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Aerial view of houses along waterway

Biden Proposal Would Close Longtime Real Estate Tax Loophole

President Biden’s new economic plan would eliminate a tax break for many real estate owners that has enabled them to defer paying capital gains on property sales. Closing that tax loophole, which has existed since 1921, is part of his $1.9 trillion spending package for new social programs. …

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