What: The traditional mall business is likely in trouble as is demonstrated by the 50% stake acquisition of Jamestown, a mixed-use developer, by Simon Property Group, a mall real-estate trust.

Why it is important: The acquisition hints at Simon Property Group accepting that they can no longer rely on a portfolio dependent on enclosed malls.

The group has stated that the acquisition will assist in accelerating future densification projects. Ultimately, the group has intentions to diversify and bring its enclosed malls up-to-date in order to remain dominant in the market.

Simon Property Group acquires 50% stake in mixed-use developer