What happened to Southland Mall?
Cutler Bay’s troubled Southland Mall has been seized by Wells Fargo Bank, representing a commercial mortgage-backed securities trust, as the result of a foreclosure auction on Feb. 10, according to reports in the South Florida Business Journal and real estate publications.
Who bought Southland Mall?
Southland Mall (Miami)
| Southland Mall, March 2019 | |
|---|---|
| Wikimedia | © OpenStreetMap | |
| Opening date | 1960 |
| Owner | Gumberg Asset Management Group |
| No. of stores and services | 154 |
When was Southland Mall built?
1970
Southland Center opened on July 20, 1970. It is owned and managed by Brookfield Properties Retail Group, one of the largest mall owners in the United States.
Does Southland Mall have forever 21?
Welcome to the Forever 21 Southland Mall store in Hayward, CA – safe, clean and full of the latest clothing and accessories for women, men and girls. Visit Forever 21 at 343 Southland Mall Dr and find something new.
Does Southland Mall have a Disney store?
Save money on Disney and find store or outlet near me….Disney – Houma, Louisiana 70364 – Southland Mall Louisiana.
| Brand: | Disney |
|---|---|
| Stores in mall: | All stores in Southland Mall Louisiana |
| Address: | 5953 W Park Ave, Houma, Louisiana – LA 70364 |
| Phone number (mall): | 985 876 4765 |
| State: | Louisiana |
What stores are in Fairlane mall?
Andiamo.
What stores does Southland have?
Discover stores
- David Jones (Click & Collect only)
- Myer (Click & Collect only)
- Apple Store (Click & Collect only)
- Country Road.
- MECCA (Click & Collect only)
- Cotton On Super Store (Temporary closure)
- Cinnabon.
- Laksa King (Take away only)
What Disney stores are closing in Ontario?
In Ontario, five Disney stores closed earlier this month including Toronto area locations (Yorkdale Shopping Centre, Upper Canada Mall), Hamilton (CF Lime Ridge), Ottawa (CF Rideau Centre), and London (CF Masonville Place).
Is there a Disney Store at Fairlane Mall?
Department stores include Hudson’s, JCPenney, Lord & Taylor, Saks Fifth Avenue and Sears. Enjoy the Disney Store, Warner Bros., Victoria’s Secret, Timberland, The Nature Store, and many more. Monday – Saturday 10am – 9pm and Sunday 11am – 6pm.
What happened Fairlane Mall?
According to another Crain’s article from June 2020, the former owners of Fairlane Town Center defaulted on a $135.7 million loan on the Dearborn mall and two other malls in Virginia and Texas. Since then, a Texas company has taken over management of the mall, Crain’s reports.
Is Southland open during lockdown?
We are here for you, and remain open for your essentials. In line with new government restrictions, masks must be worn when visiting us. While in-centre, please be sure to observe social distancing and practice good hygiene.
What Disney stores are closing in 2020?
California Disney Store closings
- Brea: Brea Mall, 1065 Brea Mall.
- Carlsbad: Carlsbad Premium Outlets, 5610 Paseo Del Norte.
- Cerritos: Los Cerritos Shopping Center, 163 Los Cerritos Center.
- Concord: Sunvalley Mall, 1 Sunvalley Mall.
- Daly City: Serramonte Center, 25 Serramonte Center.
- Fresno: Fashion Fair, 587 E Shaw Ave.
Why is Southland Mall in Cutler Bay on special servicing?
Southland Mall had financial issues prior to the coronavirus pandemic. One of its largest anchor tenants, Kmart, left in 2017. A year later its loan was transferred to special servicing due to the retail vacancy, and its maturity date was extended. Last year, the mall was dealt another blow when Sears vacated its store.
What’s the occupancy rate at Southland Mall?
At the end of 2020, occupancy was just 74 percent, according to Trepp. Tenant vacancies have had a sizable impact on the mall’s appraised value, according to Trepp. Its appraisal fell from $130 million in 2014 to $68.4 million in June.
Who was awarded foreclosure judgment on Southland Mall?
Wells Fargo, representing a trust of commercial mortgage-backed securities investors, was awarded a foreclosure judgment of $68.7 million in January, which included the loan’s principal plus interest and fees, according to the filing.