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The region's largest retail center changed hands for $57.7 million in late April. The deal at less than a quarter of what the mall was worth roughly a decade ago was an unusual one in a region where recent mall sales have led to teardowns, industrial makeovers and slow death spirals under scavenger-like owners. ....
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SouthPark Mall in Strongsville sells for $57.7 million CoStar An aerial photo shows SouthPark Mall in Strongsville. The enclosed mall changed hands in late April, selling to a New York-based hedge fund. Northeast Ohio s largest retail center, SouthPark Mall, has been sold for $57.7 million a price that reflects the broader plight of the shopping mall sector. Public records show that the Strongsville property changed hands on April 28. The buyer was a company tied to Kize Capital LP, a New York-based hedge fund. Some major mall owners are winnowing their portfolios, unloading properties that were declining in value even before the coronavirus pandemic and lockdowns drove more Americans to shop online. Reappraisals triggered by the crisis last year showed that mall values were down 60% or more, according to Trepp, a data provider that tracks properties that carry commercial mortgage-backed securities debt. ....
Tolleson FD going door-to-door encouraging residents to get COVID vaccine Chief going door-to-door encouraging community to get a shot. and last updated 2021-04-06 21:21:13-04 TOLLESON, AZ â The Tolleson Fire Department is literally taking the steps necessary to make sure their community has a shot at the vaccine. âAnyone else in the house that needs to get the vaccine?â Asked Tolleson Fire Chief George Good through a metal door screen. Chief Good is going door to door in the scorching heat, canvassing the zip code of 85353. âWe are 85 plus percent Latino in Tolleson, so we know that those numbers statistically are really low and we want to do everything we can to increase that percentage,â said Chief Good. ....