The REIT will purchase 81 outdoor shopping centers spanning 9.5 million sq. ft. from subsidiaries of CIM Real Estate Finance Trust.

The property, operated by Ashkenazy Acquisition Corp., stopped making payments in May 2020, after citing the impact of COVID-19.

With more than 90 million sq. ft. of space to fill, mall landlords are wooing casinos, amusement parks, medical facilities and storage operators.

One reason this year’s gain wasn’t larger is that retailers spread out traffic peaks by starting holiday deals early.

As pricing continues to rise for industrial and multifamily assets, grocery-anchored shopping centers are looking more and more attractive.

Department store Dillard’s Inc. is benefiting from lean inventory that is taking away the need for discounting.

The lack of rent escalations in drugstore leases could be a problem in an inflationary environment. But the story is more complex than that.

The rig it is testing is programmed to take the most conservative route, not necessarily the most direct.

The company says it now has more than 800 delivery stations—facilities typically located closer to shoppers than Amazon’s fulfillment centers.

Tesla’s Model 3 sedans will be available to rent at Hertz locations in major U.S. markets and parts of Europe starting in early November.