Charles Lebovitz and five associates form CBL's predecessor company, CBL & Associates, Inc., to develop regional malls and community centers. It's first mall, Plaza del Sol, opened in Del Rio, Texas in March, 1979.
CBL becomes a Real Estate Investment Trust (REIT) named CBL & Associates Properties, Inc. and is listed on the New York Stock Exchange. (NYSE:CBL)
CBL looks to expand its portfolio and completes its first acquisition with the purchase of WestGate Mall in Spartanburg, South Carolina.
CBL nearly doubles the size of its portfolio with the acquisition of 23 properties from The Jacobs Group – the largest single acquisition in the company’s history to date.
CBL expands again, opening Imperial Valley in El Centro, California, the company’s first property on the west coast.
Marking another major milestone, CBL completes the acquisition of two portfolios located in St. Louis, Missouri and Greensboro, North Carolina, investing more than $1.4 billion.
CBL celebrates its 30th anniversary and its 15th year as a publicly traded company.
CBL and TIAA-CREF enter into a $1.09 billion joint-venture partnership.
CBL enters the outlet space through a joint-venture partnership with Horizon Group Properties to develop The Outlet Shoppes at Oklahoma City.
With anchor consolidation on the rise, CBL begins redefining the mall by embarking on a new era of redevelopment, replacing under-performing anchors with in-demand retail, mixed-use and non-traditional tenants. After acquiring the Sears location at two of its top malls, Fayette Mall in Lexington, Kentucky and CoolSprings Galleria, in Nashville, Tennessee in 2013, CBL celebrates the completion of Fayette Mall’s Sears redevelopment, adding The Cheesecake Factory, H&M, Oakley, Michael Kors and a number of other market-exclusive tenants.
CBL continues the transformation of its malls, announcing future redevelopment plans for nine anchor store locations, including a sale-leaseback transaction for five Sears stores.
CBL further diversifies it's properties and announces the addition of entertainment, dining options, in-demand retail, and other uses to 10 properties across it's portfolio.
CBL opens Live! Casino Pittsburgh in a former department store space at Westmoreland Mall in Westmoreland Pennsylvania, marking the first casino location in CBL’s portfolio and additional progress in the evolution of its mall properties.
CBL completed a major balance sheet reorganization, significantly improving financial flexibility by reducing leverage by more than $1.6 billion and providing for a lengthened maturity schedule and overall lower interest expense.