Developers Are Finding New Uses for Shopping MallsJune 7, 2021 – Media Mention
Real Estate Partner, Henry Finkelstein, was quoted in Los Angeles Business Journal's article "Developers Are Finding New Uses for Shopping Malls." The article discusses how brick and mortar retail stores are being converted to medical suites, offices, schools, and multifamily buildings.
Henry Finkelstein, a partner in the real estate department of Greenberg Glusker Fields Claman & Machtinger, said there were “too many malls” in the area with the Westfield Century City nearby. Nordstrom and Macy’s, he said, consolidated in Century City and left the Westside Pavilion, with Macy’s closing its location there in 2018.
“That made Westside Pavilion available to be repositioned to a more appropriate use,” he said. “That’s an example where there was a rational consolidation, and the whole project got put to a different use.”
Read the full article here.