![]() ![]() The Staff Writer will search for news, write stories, assist with caption writing and assist with building the home page. The Staff Writer’s primary responsibilities will be writing and proofing aggregated and original content for Sports Business Journal’s daily digital editions. ![]() SBJ Atlas is the gateway to the data the industry needs. SBJ’s renowned events create opportunities for lead generation and partnerships as well as showcase the industry’s best talent in widely-viewed awards series. Sports Business Journal’s weekly and daily content provides original reporting and news aggregation, plus newsletters, podcasts and video. SBJ’s award-winning media content is delivered via multiple media platforms, unparalleled networking opportunities through its hallmark events and awards and market-leading data. SBJ provides the news, the networking and the data to equip the most powerful executives in sports business to make more informed decisions, deals and partnerships. 30, according to Carolina Place’s website.īrookfield Properties manages over 100 retail properties, including North Carolina shopping centers in Durham, Greensboro, Greenville and Wilmington, according to the company website.Sports Business Journal (SBJ) sits at the epicenter of the sports industry. The mall, which was last renovated in 2006, has 129 stores and restaurants as of Oct. But its start was slow, blamed on the recession and national retail chains’ delaying expansion plans, according to Observer archives. When Carolina Place opened in 1991, it was Mecklenburg County’s first regional mall in 16 years. The store leases for the top 5 end in early 2024 to 2033. The top five tenants as of October are JC Penney, Barnes & Noble, Dave & Buster’s, REI and Forever 21, according to the CMBS report. The 1.1 million-square-foot south Charlotte mall opened in 1991 with four anchor stores, Belk, Dillard’s, JCPenney and Sears. Both men were injured and arrested.Īnd in 2019, a 24-year-old man was shot and killed by an employee at athletic apparel store DTLR following an ongoing dispute, according to The Charlotte Observer archives.Ĭarolina Place mall owner Brookfield Properties defaulted on a $149 million loan debt, according to CMBS report. The mall had piloted a canine program in 2021 following a shooting inside the mall between two men. Last year, a gun-sniffing dog was added to the security staff at Carolina Place. Security also has been a concern at other area malls, including Carolina Place.Ĭharlotte-area malls ramp up safety after spate of gun violence. Spinoso Real Estate Group of Syracuse, N.Y., which maintains and operates the mall, said in June the Northlake won’t be listed for sale until at least next year because of security concerns and interest rates. The north Charlotte mall went into receivership in May 2021 after failing to pay its debts. Northlake Mall also has been struggling financially. Many national retail tenants are moving away from malls to open-air lifestyle centers, McShane said, especially at mid-level malls as compared to luxury malls and outlets. Following an auction in 2022, lender Deutsche Bank Trust Co. Epicentre, now called Queen City Quarter, is a mixed-use uptown Charlotte retail center that was delinquent on its $85 million loan in 2021. “If that doesn’t work, it moves to receivership and foreclosure, similar to Epicentre,” McShane said. The special servicer - Rialto Capital - is a third party that’s going to try to work out an agreement on how to move forward on the defaulted loan, said Chuck McShane, director of market analytics for CoStar. A special servicer and Brookfield are in discussions to modify the loan but “no terms have been agreed upon,” according to the report. The loan maturity date was June 1, according to the report. CMBS is a commercial mortgage-backed security. Yet another Charlotte-area mall is in financial trouble after defaulting on its loan payment.Ĭarolina Place mall owner Brookfield Properties defaulted on a $149 million loan debt, according to a CMBS report provided to The Charlotte Observer by commercial real estate research group CoStar. ![]()
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