Lindale Mall
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Lindale Mall
Lindale Mall is an enclosed regional shopping mall on the northeast side of Cedar Rapids, Iowa, United States. Lindale is anchored by Von Maur. Outparcel properties include a free-standing Hy-Vee supermarket (closed January 2022) and Jo-Ann Stores, Jo-Ann (occupying a former movie theater), as well as several restaurants. History On February 15, 1956, Sears and Younkers announced plans for a new open-air shopping center in northeast Cedar Rapids. These plans were opposed by downtown Cedar Rapids merchants, who formed an organization to oppose the zoning, rezoning of the land from residential to commercial use. The Cedar Rapids City Council eventually approved the rezoning, and Lindale Plaza opened on September 15, 1960. Sears, Younkers, and Killian's (a local department store) were Lindale's original anchors, with Sears relocating from downtown Cedar Rapids. Other early tenants included Kmart (United States), Kresge's, an Eagle Food Centers, Eagle supermarket, and Bishop's Buffet ...
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Cedar Rapids, Iowa
Cedar Rapids () is the second-largest city in Iowa, United States and is the county seat of Linn County, Iowa, Linn County. The city lies on both banks of the Cedar River (Iowa River), Cedar River, north of Iowa City, Iowa, Iowa City and northeast of Des Moines, Iowa, Des Moines, the state's capital and largest city. It is a part of the Cedar Rapids/Iowa City region of Eastern Iowa, which includes Linn County, Iowa, Linn, Benton County, Iowa, Benton, Cedar County, Iowa, Cedar, Iowa County, Iowa, Iowa, Jones County, Iowa, Jones, Johnson County, Iowa, Johnson, and Washington County, Iowa, Washington counties. As of the 2020 United States Census, the city population was 137,710. The estimated population of the three-county Cedar Rapids metropolitan area, Metropolitan Statistical Area, which includes the nearby cities of Marion, Iowa, Marion and Hiawatha, Iowa, Hiawatha, was 255,452 in 2008. Cedar Rapids is an economic hub of the state, located at the core of the Interstate 380 (Io ...
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General Growth Properties
GGP Inc. (an initialism of General Growth Properties) was an American commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin, Matthew and Maurice Bucksbaum in Cedar Rapids, Iowa in 1954, and was headquartered in Chicago, Illinois from 2000. It was subject to the largest real estate bankruptcy in American history at the time of its filing in 2009. GGP was acquired by Brookfield Property Partners, and management of its portfolio was transferred to Brookfield Properties, in 2018. Its portfolio included 125 properties comprising approximately in 40 U.S. states at the time of its acquisition, ranking behind only Simon Property Group in total square footage. History 20th century General Growth was founded in Iowa by three brothers, Martin, Matthew and Maurice Bucksbaum, in 1954 as General Management. That year, they borrowed $1.2 million to develop their first shopping center, Town & Country Shopping ...
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Shopping Malls Established In 1960
Shopping is an activity in which a customer browses the available goods or services presented by one or more retailers with the potential intent to purchase a suitable selection of them. A typology of shopper types has been developed by scholars which identifies one group of shoppers as recreational shoppers, that is, those who enjoy shopping and view it as a leisure activity.Jones, C. and Spang, R., "Sans Culottes, Sans Café, Sans Tabac: Shifting Realms of Luxury and Necessity in Eighteenth-Century France," Chapter 2 in ''Consumers and Luxury: Consumer Culture in Europe, 1650-1850'' Berg, M. and Clifford, H., Manchester University Press, 1999; Berg, M., "New Commodities, Luxuries and Their Consumers in Nineteenth-Century England," Chapter 3 in ''Consumers and Luxury: Consumer Culture in Europe, 1650-1850'' Berg, M. and Clifford, H., Manchester University Press, 1999 Online shopping has become a major disruptor in the retail industry as consumers can now search for product ...
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Buildings And Structures In Cedar Rapids, Iowa
A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for a wide number of factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and aesthetic reasons. To better understand the term ''building'' compare the list of nonbuilding structures. Buildings serve several societal needs – primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical division of the human habitat (a place of comfort and safety) and the ''outside'' (a place that at times may be harsh and harmful). Ever since the first cave paintings, buildings have also become objects or canvasses of much artistic ...
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1960 Establishments In Iowa
Year 196 ( CXCVI) was a leap year starting on Thursday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Dexter and Messalla (or, less frequently, year 949 '' Ab urbe condita''). The denomination 196 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus attempts to assassinate Clodius Albinus but fails, causing Albinus to retaliate militarily. * Emperor Septimius Severus captures and sacks Byzantium; the city is rebuilt and regains its previous prosperity. * In order to assure the support of the Roman legion in Germany on his march to Rome, Clodius Albinus is declared Augustus by his army while crossing Gaul. * Hadrian's wall in Britain is partially destroyed. China * First year of the '' Jian'an era of the Chinese Han Dynasty. * Emperor Xian ...
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Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ...
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Planet Fitness
Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. The company reports that it has 2,039 clubs, making it one of the largest fitness club franchises by number of members and locations. The franchise has locations in the United States, Canada, Dominican Republic, Panama, Mexico, and Australia. It markets itself as a "Judgement Free Zone" that caters to novice and casual gym users, and has faced both praise and criticism for its atmosphere. It is reported to be the nation’s fastest growing fitness center franchise. History In 1992, Planet Fitness founders, Michael and Marc Grondahl acquired a struggling Gold's Gym franchise in Dover, New Hampshire. They eventually closed that original location, and brought on a third partner, current CEO Chris Rondeau. In 2002, they purchased the rights to the name Planet Fitness from Rick Berks and renamed their franchise. Berks had started his own Planet Fitness gym in 1993 ...
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Sears Holdings
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. It was the 20th-largest retailing company in the United States in 2015. It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019. The new owner moved Sears assets to its newly formed subsidiary Transform Holdco LLC and after that, Sears Holdings Corporation was closed. History 2004–2005: Formation On November 17, 2004, the management of Kmart Holding Corporation announced its intention to purchase Sears, Roebuck and Co. under a new corporation. Kmart previously emerged from Chapter 11 bankruptcy protection on May 6, 2003. The new corporation became known as Sears Holdings Corporation, simply known as Sears Holdings. The new corporation announced that it would continue to operate stores under both the Sear ...
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Washington Prime Group
Washington Prime Group Inc. is an American real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher. On June 13, 2021, Washington Prime filed for Chapter 11 bankruptcy. Investments As of , the company owned interests in 89 shopping centers. Properties owned by the company include the following: History On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group. In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million. In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher ...
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The Macerich Company
Macerich ( ) is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2020, the company owned interests in 52 properties comprising 50 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen. History The company traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by ''Mace Siegel'' and ''Richard Cohen'' who combined their first names to name their company. In 1994, the company became a public company via an initial public offering. In 2002, Macerich acquired Phoenix, Arizona-based Westcor for $1.475 billion. The purchase added 9 properties to Macerich's portfolio making them the largest mall owner in the Phoenix Metropolitan Area. In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties's portfolio for $2.333 billion, adding 11 shopping ce ...
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Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties comprising approximately of gross leasable area in North America and Asia. History Simon Property Group dates to 1960, when brothers Melvin Simon and Herbert Simon began developing strip malls in Indianapolis, Indiana. In December 1993, they took their interests public as Simon Property Group in the largest initial public offering of a real estate investment trust to date. Simon Property merged with the newly public DeBartolo Realty Corporation, owner of the real estate assets of Edward J. DeBartolo Sr., in 1996 to form Simon DeBartolo Group. In 1997, the company acquired The Retail Property Trust for $1.2 billion in a hostile takeover. Also in 1997, in partnership with Ma ...
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Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT include n ...
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