About the Company
The Moreno Valley Mall at Towngate is a shopping mall located on the former site of the Riverside International Raceway in Moreno Valley, California. Developed by Homart Development Company, the initial anchor stores in 1992 were Sears, J. C. Penney, May Company California, and Harris Department Stores and had 140 specialty stores. In the early years competition for tenants divided prospects between competing developers. In September 1996 the City confirmed that lower than anticipated revenues would result in a shortfall estimated to extend the payback period of the $13 million infrastructure loan to an estimated 2026 with the loan peaking at $19.5 million. Also, the mall was then valued at $66 million, far less than its original valuation of $107 million. Moreno Valley Mall directly contracts with the local Police Service as well as private security firm for security services. In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Moreno Valley Mall, into Seritage Growth Properties. International Growth Properties purchased Moreno Valley Mall in November 2017 for $63 million. On November 7, 2019, it was announced that Sears would be closing this location a part of a plan to close 96 stores nationwide. The store closed on February 2, 2020.
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NYSE
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Latest News on Seritage Growth Properties
Seritage Growth Properties: Navigating The Eye Of The Storm
As of Q3-18, Seritage's portfolio consists of 237 retail properties across 37.5 million square feet on 3,000 acres across 48 states. 119 properties are attached to regional malls and 118 ...
Seritage Growth Properties Reports Second Quarter 2025 Operating Results
Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three ...
Seritage Growth Properties: The Sears Problem Is Getting Worse
Seritage Growth Properties: The Sears Problem Is Getting Worse Jun. 01, 2016 10:28 AM ETSeritage Growth Properties (SRG) Stock, SHLDQ StockSRG, SHLDQ54 Comments Reuben Gregg Brewer 3.97KFollowers ...
Seritage Growth Properties 7% Cum. Redeem. Pfd. Series A
View the latest Seritage Growth Properties 7% Cum. Redeem. Pfd. Series A (SRG.PRA) stock price, news, historical charts, analyst ratings and financial information from WSJ.
Seritage Growth Properties' Struggles Continue - Nasdaq
Shares of troubled retail REIT Seritage Growth Properties (NYSE: SRG) have been on a tear in recent months. Investors have bet enthusiastically on reopening and recovery plays -- especially stocks ...
Seritage Growth Properties Makes Progress Despite Sears' Struggles
As a result, Seritage Growth Properties' portfolio was just 80% leased as of Dec. 31, down from being 90.2% leased just three months earlier and 99.2% leased at the end of 2016 (just before Sears ...
Seritage Growth Properties Makes $15 Million Loan Prepayment
NEW YORK, December 02, 2024--Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties, today announced that on ...
Seritage Growth Properties Announces Comprehensive Review of Strategic ...
Seritage Growth Properties (NYSE:SRG) (the “Company” or “Seritage”), a national owner and developer of 170 residential, retail and mixed-use propertie ...
Seritage Growth Properties Will Suspend Its Dividend
While Seritage currently has negative FFO, that will only be true for a few quarters. As of the end of 2018, it had 167 "signed-not-opened" leases for the properties in its redevelopment pipeline.
Seritage Growth Properties: Why I Finally Bought This REIT Growth Stock
Mixed results so far Seritage Growth Properties stock has been stuck near the $40 mark since it became publicly traded in July 2015. Seritage Growth Properties Stock Performance, data by YCharts.
Seritage Growth Properties Appoints Kenneth T. Lombard as Executive ...
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 225 wholly-owned properties and 24 joint venture properties totaling approximately 39 million square ...
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