Northlake Mall owners considering sale: Report [Yahoo! Finance]
American Eagle Outfitters, Inc. (AEO)
Last american eagle outfitters, inc. earnings: 3/4 04:01 pm
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Source: Yahoo! Finance
CBJ reports CMBS documents from August show property manager Spinoso Real Estate Group is in the process of finding a broker to list and sell the 1.1 million square foot piece of real estate. Representatives for Spinoso did not respond to requests for comment. The future of Northlake Mall has been precarious for several years. The financial hit of the pandemic, large stores leaving the area, and a string of shootings have contributed to the uncertainty of business. Spinoso has been the property's receiver since 2021 after ownership group Starwood Capital allegedly failed to make debt payments. According to North Carolina Business Court documents, discussions about possible selling or restructuring were paused until parties could take stock of the impact of COVID-19 on the mall. At that time, the property was valued just under $150 million. As of 2023, Mecklenburg County assessors said it was around $134 million. The company had been in legal battles with former tenants, s
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AEO
Earnings
- 8/29/24 - Beat
AEO
Sec Filings
- 9/19/24 - Form 144
- 9/19/24 - Form 144
- 9/19/24 - Form 144
- AEO's page on the SEC website