California

Santa Monica, Calif. — Prism Places has been selected to provide management services for Santa Monica Place, a 527,000-square-foot retail center in Santa Monica. Trigild was appointed the receiver of property in March 2025 after the center’s former owner, Macerich, defaulted on its $300 million loan in 2024. Originally designed by Frank Gehry, the center — which underwent a $265 million renovation in 2010 — features a variety of stores such as Free People, Tesla, Nike, Rolex and Uniqlo. Prism Places also manages Pasadena Commons, Paseo Nuevo in Santa Barbara …

San Francisco — T&T Supermarket, the largest Asian grocery retailer in Canada, is expanding to San Francisco. Situated at San Francisco’s City Center shopping mall, the new store — which is scheduled to open in winter 2026 — will be the chain’s second location in the Bay Area, following an upcoming opening in San Jose, and its fourth in the U.S. Formerly occupied by Best Buy, the 50,000-square-foot store will offer customers more than 200 T&T private label brand options, street food-style meals, a bakery and a sushi counter. Founded …

Los Angeles — Forever 21 has filed for Chapter 11 bankruptcy and will begin the process of closing all its U.S. stores. According to Reuters, the U.S. store count is about 350. The Los Angeles-based apparel retailer filed over the weekend in the U.S. Bankruptcy Court for the District of Delaware. Forever 21 has entered into a plan support agreement with its lenders to begin the voluntary closure process while continuing to look for sales opportunities of existing U.S. properties. Forever 21 was founded in 1984 and had a footprint of …