How mall owners are diversifying for changing times

An $81 million bid to buy fashion retailer Forever 21 that includes Simon Property Group and Brookfield Property Partners highlights the steps some mall owners are taking in changing retail times. Simon has joined with Rue Gilt Groupe on a digital shopping initiative and leased some space to nonretail tenants, and taking an equity interest in a retail tenant could also help the company keep vacancy rates down. Read the Modern Retail story here

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