Interesting mall deal:
"Quick take on this big deal: European property company Unibail-Rodamco said Tuesday it will spend $15.7 billion to buy Westfield Corp., the owner of the shopping center at One World Trade Center in New York.
Indeed this is an interesting bet in an age of death by Amazon (AMZN - Get Report) . Or is it? I have long been of the view that shopping malls will be returned to the local communities in a sense. That means the mall could become a true community gathering place, one that includes maybe an indoor farmer's market, a movie theater, and an apartment complex for seniors housed inside a former Macy's (M - Get Report) .
Further, the mall will be a place to get urgent medical care and then pick up the medicine from an Amazon warehouse in former a J.C. Penney (JCP - Get Report) . In such a setting, the mall is critical again and COULD compete in the digital age. So the deal isn't a dumb bet. Having said that, if I am an anchor store such as Sears and Macy's that do business in a Westfield-owned mall this deal is petrifying. Department stores don't fit in this new mall as a community world, and an eager property owner may try to push them out via higher rents in order to redevelop the space for 2040."
News 
Market Data 
Discover 
