US Bankruptcy Judge Marvin Isgur has signed off on Washington Prime Group's Chapter 11 bankruptcy exit, although some uncertainty remains about the value of the REIT's assets. Under the plan, SVPGlobal will exchange debt holdings for ownership of the company.

New York shopping centers reopened almost a year ago, but some have not seen an increase in foot traffic, such as Westfield World Trade Center, which is down 48% from its usual numbers, according to analytics firm Placer.ai. However, foot traffic at SoHo BID is up 115% over 2019 numbers and the Shops & Restaurants at Hudson Yards have also seen an increase, according to the data.

Developers are proposing a luxury apartment building and 12,000 square feet of retail space in the location of an empty shopping center in Lisle, Ill. The project's price tag is almost $58 million.

French Labour Minister Elisabeth Borne said an improvement in COVID-19 cases could mean health pass restrictions would be modified in the next few days. The health pass requirement has hurt business at malls, according to French retail group Auchan AUCH.PA.

Executives with the Washington Prime Group say they are doubtful they can continue and are having discussions with lenders that include bankruptcy. The company, which owns 100 shopping centers in the US, reported a $111.4 million loss in the last three months of 2020.