As Owner Struggles, Landmark Mall Languishes

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Published at: www.washingtonpost.com

LANDMARK MALL ARTICLE MISSES THE POINT

July 16, 2009

Analysis by: GLG Expert Contributor

The article talks about the issues with Landmark Mall as though it is somehow unique or simply brought on by the current horrific economy. The truth is the fundamental concept of the enclosed regional center has been dying for at least 30 years or more. General Growth and the other enclosed mall developers in the United States have many more challenges than they care to admit.  

Jack KernManaging DirectorKern Investment Research

Landmark Mall Not A Landmark Opportunity

July 10, 2009

Landmark Mall in suburban Virginia has been in decline for almost 20 years, as cash strapped GGP milked the center for any operating income they could get. In what was supposed to be a grand vision of future retailing and commercial space, GGP simply waited too long to redevelop the center and now sits on a white elephant, replete with local uses and property tax blight. The site isn't as valuable as the City of Alexandria believes and the area is changing, and not for the benefit of GGP.

Kenneth LeonardPrincipalLeonard Associates

Distortion Wrapped in Misrepresentation Encased in a Lazy Reporter's Bad Writing

July 9, 2009

I could not help but bring this article to the attention of the GLG News readers because it is an excellent example of the silliness that surrounds every sick or dying mall. If the reader strips away the inaccuracies this article is not newsworthy or even worth reading. More importantly, it fosters and increases the myth of "the death of the mall".