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Mall of America Owners Want Xanadu Meadowlands (Monday's News & Notes)

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It looks like Xanadu Meadowlands, North Jersey's ill-fated retail/entertainment complex has finally found the right developer. Over the weekend, Triple Five Group, the owners of the Mall of America, signed a letter of intent with Xanadu's lenders to take over the project. Given Triple Five's experience with venues of this kind (in addition to retail, Mall of America features a movie theater complex, an amusement park and other entertainment components), this seems like a step in the right direction. For more on retail and retail real estate follow the links below:

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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