In other parts of the country, it seems like most closing/failing malls were either rural, lost weak anchors, aging and/or in an area that was over-centered. This region is largely not, with only 4 large centers, relatively well positioned from each other. (I included Lloyd Center as one of the four, but we all know it is not a regional draw in any capacity and marked for redevelopment)
Brookfield is sending Clackamas Town Center's value back to its lenders. CTC opened in 1981. It was updated in 2007 to remove an indoor ice rink and add "lifestyle" elements to the exterior, including some new stores like REI.
In 2020, Nordstrom closed. Sears closed and one level reopened as Dick's Sporting Goods. Some unique additions appeared, such as bonchan fried chicken.
The Macy's company currently leases two boxes, and the one is a former Montgomery Ward that houses the home and Backstage departments.
Apparently some anchor leases are coming up and the company appears concerned about the center's long-term health.
Portland Business Journal: Clackamas Town Center Owner DefaultsThe report shows that leases for the Macy’s, Macy’s Home Store, JCPenney and a now-shuttered Nordstrom space are set to expire in October.
in contrast, eastern Idaho has a medium sized mall that opened in 1984, the Grand Teton Mall, that is almost fully occupied and replaced its loss of Macy's with Dick's Sporting Goods. When Sears vacated, the store did take on a new use (charter school) but junior anchors Old Navy, and Barnes and Noble alongside legacy anchors JCPenney and Dillards remain, restaurants line the outparcels, and the building looks good inside and out.