Perhaps it was its questionable design, the choice of tenants, the glitz of the Americana at Brand, or the economy.
Perhaps it was all of the above, but whatever the cause, the Glendale Marketplace is suffocating under the weight of its own bricks with no sign of a viable prop. Not even bullish billionaire developer Rick Caruso had much good to say, calling the 2.2-acre retail center "so poorly designed that I don't know what you would do with it."
The current owners apparently still owe $44 million on the property, according to the firm hired to sell it. And taken together with the lingering economic hangover and poor lending conditions, the outlook for this troubled maze of a shopping center looks dismal.