John Bucksbaum is the founder and chairman of Bucksbaum Retail Properties, LLC. He was chairman and chief executive officer of GGP Inc., a publicly-traded real estate investment trust that invested in shopping centers. Bucksbaum was born circa 1957, his father, Matthew Bucksbaum, two uncles, Martin Bucksbaum and Maurice Bucksbaum, co-founded General Growth Properties known as GGP Inc. Bucksbaum graduated from the University of Denver. Bucksbaum worked only for his father's company and started out sweeping the mall floors and cutting the grass as a kid. In 1999, Bucksbaum succeeded his father as the chairman and chief executive officer of GGP, he served as CEO until 2008. At that time, GGP owned 200 malls in 44 states. Bucksbaum remained chairman until 2010. In April 2012, Bucksbaum founded a real estate development company. By 2014, the company was developing 4 properties including New City. With Steiner + Associates, he developed a mall in Cincinnati, Ohio. Bucksbaum is married to Jacolyn Bucksbaum.
They reside in Lincoln Park and have 2 sons. They founded the Jacolyn and John Bucksbaum Foundation, which focuses on early childhood development, Jewish education and arts and civic organizations in Aspen and Chicago. Bucksbaum is on the board of the Field Museum
Matthew Bucksbaum was an American businessman and philanthropist. Matthew and his brothers Martin and Maurice co-founded General Growth Properties. Bucksbaum was born to a Jewish family in Marshalltown, Iowa, to Louis Bucksbaum. During World War II, he served in the Army Air Forces in the Southwest Pacific Theatre as a cryptographer based in New Guinea, he graduated from the University of Iowa cum laude with a Bachelor of Arts in Economics in 1949, where he was a member of the Phi Beta Kappa Society and the Order of Artus. His family owned a chain of three grocery stores. In 1954, Bucksbaum and his brother Martin borrowed $1.2 million and built the first shopping center in Cedar Rapids, anchored by a fourth family grocery store. They expanded into enclosed malls which mirrored the continued movement to the suburbs seen in the 1960s. By 1964, their company - named General Management - owned five malls anchored by the Younkers department store. In 1972, the company became publicly traded on the New York Stock Exchange under the name General Growth Properties and became the second-largest owner and manager of regional shopping malls in the country.
Bucksbaum served as its chairman and chief executive officer, under his tenure he formed two Real estate investment trusts and expanded the company's portfolio of malls and shopping centers via more than $36 billion in acquisitions. In 1984, General Growth sold 19 malls for $800 million to Equitable Real Estate, deemed the "nation's largest single asset real estate transaction" to date. In 1995, his brother Martin died and he re-located the company to Chicago. In 2004, General Growth purchased The Rouse Company for $14.2 billion. By 2007, General Growth was the second-largest REIT owning 194 malls with over 200 million square feet in 44 states. In 2008, General Growth filed for Chapter 11 bankruptcy protection after the collapse of the stock market. Bucksbaum sat on the board of trustees of the Aspen Music Festival and School, the Chicago Symphony Orchestra and the Lyric Opera of Chicago, he was a president of the Temple B'nai Jeshurun and the Polk County Mental Health Association, a director of the Iowa Natural Heritage Foundation, all in Des Moines, Iowa.
He donated $42 million to the University of Chicago for the creation of the Bucksbaum Institute for Clinical Excellence. Bucksbaum was married to Carolyn Bucksbaum, Jewish, they resided in Chicago, had two children. Their son, John Bucksbaum, served as CEO of General Growth Properties from 1999 to 2008, as its chairman from 2007 to 2010, their daughter Ann Louise Bucksbaum is married to journalist Thomas Friedman. As of March 2011, he was worth an estimated US$1.2 billion. Bucksbaum died in Chicago of complications from Alzheimer's disease on November 24, 2013
May Company California
May Company California was a chain of department stores operating in Southern California and Nevada, with headquarters in North Hollywood, California. It was a subsidiary of May Department Stores and merged with May's other Southern California subsidiary, J. W. Robinson's, in 1993 to form Robinsons-May. May Company California was established in 1923 when May acquired A. Hamburger & Sons Inc... The company operated in Southern California until 1989 when May Department Stores had dissolved Goldwater's, based in Scottsdale and transferred its Las Vegas, Nevada store to May Company California; the May Company store, in Whittier, California, at The Quad at Whittier opened in 1965 and closed on March 31, 1987, just six months before the Whittier Narrows earthquake which took place at 7:42 a.m. October 1, 1987; the store's three-level parking structure fell flat to the ground as a result of this quake, the store itself suffered internal damage but remained intact until its controlled implosion a few years later.
Two well-known stores were the flagship Downtown store on 8th Street between Broadway and Hill streets, the May Company Wilshire at Wilshire Boulevard and Fairfax Avenue. The 1926 garage building at 9th and Hill Streets was one of the nation's first parking structures; the Wilshire location has been featured in several vintage films, including Behave Yourself! May Company California can trace its roots to the store that Asher Hamburger and his sons Moses and Solomon had established in Los Angeles after their recent move from Sacramento; this store first opened on October 29, 1881, in a 20-by-75-foot room on Main Street near Requena Street and was original known as The People's Store. In a short time, the store expanded into adjacent store fronts. Within three years, the store had moved to a larger location on Spring Street. By the start of the 20th century, A. Hamburger & Sons had outgrown the Spring Street location, which had 520 employees working on five floors; the Hamburger family decided to build a much larger store at the southeast corner of Broadway and Eighth, a location, outside of current retail district.
Construction started in 1905 with a grand opening held in 1908. This location, known as the Great White Store, was the largest department store building west of Chicago at the time and would become the flagship location for the May Company California. At the time that the Great White Store was opened, the store could boast of having one of the first escalators on the West Coast, several restaurants, a drug store, grocery store, fruit store, meat market, U. S. post office, telegraph office, barber shop, a dentist, a chiropractor, a medical doctor, an auditorium, an electricity and steam power plant in the basement, large enough to support a city of 50,000 inhabitants, a private volunteer 120 men fire brigade, 13 acres of retail space, 1200 employees. The Los Angeles Public Library was located on the third floor from 1908 until it was forced to move to a larger location when it outgrew the Hamburger space by 1913. For a short time, Woodbury Business College was located on the fifth floor. In 1925, the Hamburgers sold their store to the May family of St. Louis for $8.5 million.
Thomas and Wilbur May, sons of the founder of the May Company, were sent to manage the former Hamburger store. One of the first things that they did was to expand the store again by building adjacent additions on the other parts of the city block. After several more years, the May Company store occupied the entire block between Broadway and Hill and between 8th and 9th Streets; the old Hamburger store was renamed the May Company in 1927. To keep pace with the extreme growth in population within Southern California during the Great Depression, May Company opened the first branch store in 1939 on Wilshire at Fairfax at a cost of $2 million. After World War II, a second branch store was completed in 1947 on Crenshaw. A proposed store in Hollywood, planned at the same time was never built. A third branch store opened in Lakewood in 1952, followed by stores in North Hollywood in 1955, West Covina in 1957, Redondo Beach in 1959; the end of the 1950s saw May Company's expansion into the San Diego market with the opening of its eighth store at Mission Valley in 1960.
Other stores that followed during the 1960s included Buena Park in 1963, Canoga Park in 1964, West Los Angeles in 1964, Whittier in 1964, Costa Mesa in 1966, Arcadia in 1966, San Bernardino in 1966, Montclair in 1968, Carlsbad in 1969. During the 1970s, stores were opened in Oxnard in 1970, El Cajon in 1972, Riverside in 1973, Eagle Rock in 1973, Orange in 1974, Westminster in 1974, Culver City in 1975, Brea in 1977, Thousand Oaks in 1978, Mission Viejo in 1979 and La Jolla in 1979. During the next decade, stores were opened in Sherman Oaks in 1980, Pasadena in 1980, National City in 1981, Palos Verdes in 1981, Palm Desert in 1983, Montebello in 1985, Escondido in 1986. After a long period of declining sales, the original Downtown flagship store at 8th and Broadway was closed and replaced by a smaller store at Seventh Market Place in 1986; the parent company had relocated the main corporate offices for the May Company California division from the former Hamburger Building to the North Hollywood store at Laurel Plaza in 1983.
A new store was open in Bakersfield in 1988, while a store in Las Vegas was acquired from sister company Goldwater's in 1989 when parent company May Department Stores decided to cut costs by consolidating divisions. The Las Vegas store is the only locat
Glenbrook Square is located at 4201 Coldwater Road, in Fort Wayne, Indiana. Built in 1966 by Chicago-based Landau & Heyman and known as Glenbrook Center, Glenbrook Square has been owned and managed by Brookfield Properties Retail Group, its direct predecessors General Growth Properties and GGP, since 2003; the major anchor stores are Barnes & Noble, J. C. Penney, Macy's. Since the mall's opening in 1966, Glenbrook renovated five times; these expansions and renovations occurred in 1976, 1981, 1990, 1994, 1998. Glenbrook Square annually receives over 15 million visitors, is the only enclosed super-regional mall in northeast Indiana. Based on leasable square feet, Glenbrook Square is one of the three largest malls in the state of Indiana along with Castleton Square in Indianapolis and Southlake Mall in Merrillville. In total, Glenbrook Square has a gross leasable area of 1,210,000 square feet. Glenbrook Square features spaces for five anchors occupied by Barnes & Noble, JCPenney, Macy's, Sears, with one unused space.
L. S. Ayres is Glenbrook Square's original anchor, in continuous operation since the mall's opening. Sears opened with the mall; the building for JCPenney was added in the 1976 expansion, another building was added in the 1981 expansion, the Barnes & Noble store was converted in 2007 from several smaller stores. In addition to three anchors, Glenbrook Square contains 152 kiosks. A food court can be found, along with casual dining restaurants P. F. Chang's, Red Robin, Granite City Food & Brewery, TGI Fridays, BJ's Brewhouse. Hudson's, Marshall Field's, operated a store in the 1981 anchor space until May 2005. Macy's, Inc. the successor company to both Federated and May, continued to own the former Marshall Field's store until December 12, 2007, when Macy's sold the vacant store back to GGP for $1 million. Between GGP's acquisition of the space from Macy's and the search for a new anchor, the former Marshall Field's space was used in several ways; these included temporary retailers such as Glowgolf, a fashion show sponsored by local Christian radio station WLAB Star 88.3, a Habitat for Humanity gift-wrapping station and display of Department 56 houses that operated during several holiday seasons.
On December 12, 2012, GGP announced that Carson's would anchor the long-vacant space starting in the fall of 2013. Carson's began construction in January 2013 and opened to the public on September 10 at 9:00AM of that year after over $1.6 million in renovations to the space. The holiday Habitat for Humanity display continued for one more season at a new location in the mall in the Carson's wing. A water main break occurred at Glenbrook Square on October 2013 during overnight hours. 50 stores were damaged in the incident. Most affected stores were repaired and reopened within weeks, all damaged stores except one reopened by Black Friday 2013. In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Glenbrook Square, into Seritage Growth Properties. Like many GGP malls, Glenbrook Square has a partnership with Habitat for Humanity; the mall provides used building materials to the group, donates all change placed in the fountain in front of JCPenney to charities including Habitat and The Rescue Mission, the latter being a local Fort Wayne group focused on helping the homeless.
In April 2018, it was announced that the Carson's store would be closing due their parent company, The Bon-Ton Stores, going out of business. The store was closed on August 31, 2018. On August 22, 2018, Sears announced that the store would be closing as part of a plan to close 46 stores nationwide; the store was scheduled to close in November 2018 after 52 years in business. After the Sears store closed on Black Friday weekend 2018, Barnes & Noble, JCPenney and Macy’s were the remaining anchors. Plans are in place to renovate the former Carson Sears spaces. On February 6, 2019, it was announced that the shuttered Sears at Glenbrook Square Mall will be torn down under a plan to erect a new retail building in its place and a free-standing Portillo's eatery nearby; the Allen County Plan Commission received an application from New York-based Seritage SRC Finance LLC to develop the Shoppes at Glenbrook where Sears operated for five decades. The plan calls for the expansive Sears store and auto shop to be demolished, a new retail building to be built, attached to the Glenbrook Square building.
Tenants for the retail building have not been determined. The plan calls for a Portillo's restaurant to be built just northwest of the Sears, in the parking lot near the mall parking lot entrance. Portillo's serves Chicago-style Italian beef sandwiches and hamburgers. Glenbrook Square Visit Fort Wayne
Riverside is a city in Riverside County, United States, located in the Inland Empire metropolitan area. Riverside is the county seat of the eponymous county and named for its location beside the Santa Ana River, it is the most populous city in the Inland Empire and in Riverside County, is located about 55 miles east of downtown Los Angeles. It is part of the Greater Los Angeles area. Riverside is the 59th most populous city in the United States and 12th most populous city in California; as of the 2010 Census, Riverside had a population of 303,871. Riverside was founded in the early 1870s, it is the birthplace of the California citrus industry and home of the Mission Inn, the largest Mission Revival Style building in the United States. It is home to the Riverside National Cemetery; the University of California, Riverside, is located in the northeastern part of the city. The university hosts the Riverside Sports Complex. Other attractions in Riverside include the Fox Performing Arts Center, Riverside Metropolitan Museum, which houses exhibits and artifacts of local history, the California Museum of Photography, the California Citrus State Historic Park, the Parent Washington Navel Orange Tree, the last of the two original navel orange trees in California.
In the late 1700s and early 1800s the area was inhabited by the Serrano people. Californios such as Bernardo Yorba and Juan Bandini established ranches during the first half of the 19th century. In the 1860s, Louis Prevost launched the California Silk Center Association, a short-lived experiment in sericulture. In the wake of its failure, John W. North purchased some of its land and formed the Southern California Colony Association to promote the area's development. In March 1870, North distributed posters announcing the formation of a colony in California. North, a staunch temperance-minded abolitionist from New York State, had founded Northfield, Minnesota. A few years some navel orange trees were planted and found to be such a success that full-scale planting began. Riverside was temperance minded, Republican. There were four saloons in Riverside; the license fees were raised. Investors from England and Canada transplanted traditions and activities adopted by prosperous citizens; as a result, the first golf course and polo field in southern California were built in Riverside.
The first orange trees were planted in 1871, with the citrus industry Riverside is famous for beginning three years when Eliza Tibbets received three Brazilian navel orange trees sent to her by a personal friend, William Saunders, a horticulturist at the United States Department of Agriculture in Washington, D. C; the trees came from Brazil. The Bahia orange did not thrive in Florida; the three trees were planted on the Tibbetts' property. One of them died. After the trampling, the two remaining trees were transplanted to property belonging to Sam McCoy to receive better care than L. C. Tibbetts, Eliza's husband, could provide; the trees were again transplanted, one at the Mission Inn property in 1903 by President Theodore Roosevelt, the other was placed at the intersection of Magnolia and Arlington Ave. Eliza Tibbets was honored with a stone marker placed with the tree; that tree still stands to this day inside a protective fence abutting what is now a major intersection. The trees thrived in the southern California climate and the navel orange industry grew rapidly.
Many growers purchased bud wood and grafted the cuttings to root stock. Within a few years, the successful cultivation of many thousands of the newly discovered Brazilian navel orange led to a California Gold Rush of a different kind: the establishment of the citrus industry, commemorated in the landscapes and exhibits of the California Citrus State Historic Park and the restored packing houses in the downtown's Marketplace district. By 1882, there were more than half a million citrus trees in California half of which were in Riverside; the development of refrigerated railroad cars and innovative irrigation systems established Riverside as the richest city in the United States by 1895. As the city grew, a small guest hotel designed in the popular Mission Revival style, known as the Glenwood Tavern grew to become the Mission Inn, favored by presidents and movie stars. Inside was housed a special chair made for the sizable President William Howard Taft; the hotel was modeled after the missions left along the California coast by Franciscan friars in the 18th and 19th centuries.
Postcards of lush orange groves, swimming pools and magnificent homes have attracted vacationers and entrepreneurs throughout the years. Many relocated to the dry climate for reasons of health and to escape Eastern winters. Victoria Avenue, with its scattering of elegant turn-of-the-century homes, citrus-lined paseo, serves as a reminder of European investors who settled here. Riverside is the 59th largest city in the United States, the 12th largest city in California, the largest city in California's Inland Empire metro area. According to the United States Census Bureau, the city has a total area of 81.4 square miles, of which 81.1 square miles is land and 0.3 square miles is water. The elevation of downtown Riverside is 860 feet. Hills within the city limits include Mount Rubidoux, a
In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a larger tenant in a shopping mall a department store or retail chain. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center, they are offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. When the planned shopping centre format was developed by Victor Gruen in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, to draw retail traffic that would result in visits to the smaller shops in the centre as well. Anchors have their rents discounted, may receive cash inducements from the centre to remain open. Early on, grocery stores were a common type of anchor store. However, research on consumer behavior revealed that most trips to the grocery store did not result in visits to surrounding shops.
Large supermarkets remain common anchor stores within power centers however. As of 2005, the declining popularity of old-line department stores makes it necessary for mall management companies to consider re-anchoring with other retail alternatives, or mix commercial development with residential development to guarantee a captive clientele; the challenges faced by the traditional large department stores have led to a resurgence in the use of supermarkets and gyms as anchors. The International Council of Shopping Centers makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the regional center with 400,000 to 800,000 square feet in gross leasable area, the superregional center with more than 800,000 square feet of space; the regional center has two or more anchors, while the superregional has three or more. In each case, the anchors account for 50–70% of the centre's leasable space. Shopping centres with anchor stores have outperformed those without one, as the anchor helps draw shoppers attracted to the anchor to shop at other shops in the mall.
Retail Shopping centre Supermarket
Midwestern United States
The Midwestern United States referred to as the American Midwest, Middle West, or the Midwest, is one of four census regions of the United States Census Bureau. It occupies the northern central part of the United States, it was named the North Central Region by the Census Bureau until 1984. It is located between the Northeastern United States and the Western United States, with Canada to its north and the Southern United States to its south; the Census Bureau's definition consists of 12 states in the north central United States: Illinois, Iowa, Michigan, Missouri, North Dakota, South Dakota, Wisconsin. The region lies on the broad Interior Plain between the states occupying the Appalachian Mountain range and the states occupying the Rocky Mountain range. Major rivers in the region include, from east to west, the Ohio River, the Upper Mississippi River, the Missouri River. A 2012 report from the United States Census put the population of the Midwest at 65,377,684; the Midwest is divided by the Census Bureau into two divisions.
The East North Central Division includes Illinois, Michigan and Wisconsin, all of which are part of the Great Lakes region. The West North Central Division includes Iowa, Minnesota, North Dakota and South Dakota, several of which are located, at least within the Great Plains region. Chicago is the most populous city in the American Midwest and the third most populous in the entire country. Other large Midwestern cities include: Columbus, Detroit, Kansas City, Minneapolis, Cleveland, St. Louis, St. Paul, Cincinnati and Des Moines. Chicago and its suburbs form the largest metropolitan statistical area with 9.9 million people, followed by Metro Detroit, Minneapolis–St. Paul, Greater St. Louis, Greater Cleveland, Greater Cincinnati, the Kansas City metro area, the Columbus metro area; the term Midwestern has been in use since the 1880s to refer to portions of the central United States. A variant term, Middle West, has been used since the 19th century and remains common. Another term sometimes applied to the same general region is the heartland.
Other designations for the region have fallen out of use, such as the Northwest or Old Northwest and Mid-America. The Northwest Territory was one of the earliest territories of the United States, stretching northwest from the Ohio River to northern Minnesota and the upper-Mississippi; the upper-Mississippi watershed including the Missouri and Illinois Rivers was the setting for the earlier French settlements of the Illinois Country and the Ohio Country. Economically the region is balanced between heavy industry and agriculture, with finance and services such as medicine and education becoming important, its central location makes it a transportation crossroads for river boats, autos and airplanes. Politically, the region swings back and forth between the parties, thus is contested and decisive in elections. After the sociological study Middletown, based on Muncie, commentators used Midwestern cities as "typical" of the nation. Earlier, the rhetorical question, "Will it play in Peoria?", had become a stock phrase using Peoria, Illinois to signal whether something would appeal to mainstream America.
The region has a higher employment-to-population ratio than the Northeast, the West, the South, or the Sun Belt states as of 2011. Traditional definitions of the Midwest include the Northwest Ordinance Old Northwest states and many states that were part of the Louisiana Purchase; the states of the Old Northwest are known as Great Lakes states and are east-north central in the United States. The Ohio River runs along the southeastern section while the Mississippi River runs north to south near the center. Many of the Louisiana Purchase states in the west-north central United States, are known as Great Plains states, where the Missouri River is a major waterway joining with the Mississippi; the Midwest lies north of the 36°30′ parallel that the 1820 Missouri Compromise established as the dividing line between future slave and non-slave states. The Midwest Region is defined by the U. S. Census Bureau as these 12 states: Illinois: Old Northwest, Mississippi River, Ohio River, Great Lakes state Indiana: Old Northwest, Ohio River, Great Lakes state Iowa: Louisiana Purchase, Mississippi River, Missouri River state Kansas: Louisiana Purchase, Great Plains, Missouri River state Michigan: Old Northwest and Great Lakes state Minnesota: Old Northwest, Louisiana Purchase, Mississippi River, part of Red River Colony before 1818, Great Lakes state Missouri: Louisiana Purchase, Mississippi River, Missouri River, border state Nebraska: Louisiana Purchase, Great Plains, Missouri River state North Dakota: Louisiana Purchase, part of Red River Colony before 1818, Great Plains, Missouri River state Ohio: Old Northwest, Ohio River, Great Lakes state.
The southeastern part of the state is part of northern Appalachia South Dakota: Louisiana Purchase, Great Plains, Missouri River state Wisconsin: Old Northwest, Mississippi River, Great Lakes stateVarious organizations define the Midwest with different groups of states. For example, the Council of State Governments, an organization for communication and coordination among state governments, includes in its Midwe