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American Dream Mall Sees $800M Drop in Property Value Amid Leasing Woes and Tax Disputes

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the staff of the Ridgewood blog

East Rutherford NJ, the American Dream megamall, the second-largest mall in the United States, is facing financial and legal headwinds in 2025 as its assessed property value dropped by over $800 million, or 24%, according to local tax officials.

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The Economics of Unused Gift Cards: What Happens to the Money?

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the staff of the Ridgewood blog

Ridgewood NJ, each year, Americans spend billions on gift cards, making them a go-to holiday present. But what happens when these cards go unused? While gift cards are marketed as convenient and thoughtful, their unredeemed balances often translate into a windfall for corporations.

Continue reading The Economics of Unused Gift Cards: What Happens to the Money?