The up and coming tenants are small shops, which is great for the community, but bad if they don't have a lot of capital to wait out the weak economy to keep their doors open. Let's hope the Easter Bunny brings prosperity and good fortune to the mall. We still need a rockin' eating place since Pearl's and Zeytini's are not doing it for me. Applebee's is Applebee's, need I say more.
Friday, April 22, 2011
Alameda Towne Centre Sold to Highest Bidder
Is everyone shocked as much as I am for the amount of money the Germans purchased Alameda Towne Centre for? $181 million dollars. Holy cow! Harsh Investment Properties sold the shopping mall. They must be ecstatic and what a smooth operator. I bet the Germans are not as content when they purchased it in January 2011. Borders and Nine West Shoes are vacant and I didn't even mention the other stores that came and gone. The Germans should know better. You never buy a property in January when tenant vacancy rates are low due to holiday shopping.