Palisades Center Archives - Page 6 of 10 - Rockland County Business Journal

Simon Property Sues Gap Over Rent Stoppage During Pandemic

June 7, 2020June 9, 2020rcbizjournal

Indianapolis-based Simon Property Group has sued The Gap Inc. and associated entities for breach of contract and willfully withholding rent during the coronavirus pandemic.

Malls Could Reopen Mid-June But How Much Collateral Damage Has Lockdown, Previous Weaknesses Caused?

May 31, 2020June 21, 2022rcbizjournal

The Palisades Center did not make April or May mortgage payments and an insider familiar with The Pyramid Group says a June payment is “not likely,” because stores are not on track to open until mid-month.

Malls Begin Re-Opening But Will They Remain Vital?

May 20, 2020rcbizjournal

Malls around the nation that had been closed since March to prevent the spread of COVID-19 began opening within the last two weeks, but foot traffic remained anemic, according to data from Placer.ai.

J. Crew Files Chapter 11 Bankruptcy; Pandemic’s First Retail Casualty

May 4, 2020May 6, 2020rcbizjournal

J.Crew is the first company to file for bankruptcy during the COVID-19 pandemic and analysts expect the list will grow longer.

Palisades Center Unlikely To Make May Mortgage Payment: Tenants Not Paying May Rent

May 3, 2020May 5, 2020rcbizjournal

More than half of all mall-based department stores could close by the end of 2021, according to Green Street Advisors.

Pyramid Group, Owner Of Palisades Center, Eyes Last Minute Solutions To Avoid Mortgage Default

April 26, 2020May 19, 2020rcbizjournal

Bankruptcy is looking like a probable outcome for The Pyramid Group but Hail-Mary negotiations have been underway through the weekend to keep the mall developer from the bankruptcy court, according to a source close with knowledge of the dire situation.

Palisades Center Mall Default Imminent

April 17, 2020rcbizjournal

Its massive debt of $388.5 million has been transferred to a special CMBS servicing unit because of “imminent monetary default.”

Modell’s Closing 24 Locations

February 24, 2020February 27, 2020rcbizjournal

Sporting goods chain Modell’s says it is closing 24 of its 140 stores nationwide. So far, It is unclear whether either of Rockland’s two locations will be affected

Palisades Center Conflict Must Be Resolved, Says Day In State Of The County Address

February 6, 2020February 14, 2020rcbizjournal

County Executive Ed Day used his bully pulpit during Thursday’s State of the County address at The Palisades Center to advocate for a resolution on the mall’s deadlocked efforts with the Town of Clarkstown to build out an unused portion of space on the fourth floor

Macy’s To Close One Fifth Of Stores: Fate Of Palisades Location To Be Seen

February 5, 2020rcbizjournal

Struggling department store chain Macy’s is planning to close 125 of its weakest stores over the next three years and cut 2,000 corporate jobs in its latest push to reinvent itself in the age of online shopping

Tag: Palisades Center