The Ames Fan Club

Malls and Shopping Centers => Current Shopping Malls and Shopping Centers => Topic started by: retailisking on September 20, 2017, 08:19:50 PM

Title: Morningstar: Bangor Mall at risk of default
Post by: retailisking on September 20, 2017, 08:19:50 PM
Consider the ultimate source of that speculation, but Bangor Mall has struggled with high vacancy rates for some time. I don't think the situation is as dire as the Steeplegate Mall, though.
https://bangordailynews.com/2017/09/19/news/bangor/bangor-malls-owner-at-risk-of-default-on-80-million-loan
Title: Re: Morningstar: Bangor Mall at risk of default
Post by: danfifepsu on September 20, 2017, 10:13:01 PM
Quote from: retailisking on September 20, 2017, 08:19:50 PM
Consider the ultimate source of that speculation, but Bangor Mall has struggled with high vacancy rates for some time. I don't think the situation is as dire as the Steeplegate Mall, though.
https://bangordailynews.com/2017/09/19/news/bangor/bangor-malls-owner-at-risk-of-default-on-80-million-loan

oh its not and the mall is at 88 percent occupancy rate. the mall falls under "I have seen worse", the Berkshire mall is even worse than the Steeplegate.
Title: Re: Morningstar: Bangor Mall at risk of default
Post by: danfifepsu on February 05, 2018, 05:38:27 PM
Quote from: danfifepsu on September 20, 2017, 10:13:01 PM
Quote from: retailisking on September 20, 2017, 08:19:50 PM
Consider the ultimate source of that speculation, but Bangor Mall has struggled with high vacancy rates for some time. I don't think the situation is as dire as the Steeplegate Mall, though.
https://bangordailynews.com/2017/09/19/news/bangor/bangor-malls-owner-at-risk-of-default-on-80-million-loan

oh its not and the mall is at 88 percent occupancy rate. the mall falls under "I have seen worse", the Berkshire mall is even worse than the Steeplegate.

Now it is fallen at worse. what will happen to this mall?
Title: Re: Morningstar: Bangor Mall at risk of default
Post by: danfifepsu on February 21, 2018, 12:22:27 PM
I went in the mall 2 days ago, it had 20 empty stores and 2 vacant Anchors (macys and Sears, well I count Sears as it closes in 6 weekS)