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Bayshore Mall, located at 3300 Broadway St. in Eureka, will go for sale on April 17, 2026. The struggling mall owes nearly $39 million in debt.\u00a0<\/p>\n
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Bayshore Mall, a once-thriving shopping center<\/a> in Eureka, is set to go up for sale this month as the struggling mall faces millions of dollars in debt.\u00a0<\/p>\n The Eureka Times-Standard<\/a> first reported that the nearly 40-year-old mall will be sold under a trustee sale at the Humboldt County Courthouse on April 17.\u00a0<\/p>\n Article continues below this ad<\/p>\n Bayshore Mall has been Humboldt County\u2019s main retail shopping center since 1987, but the mall has slowly shifted from a busy shopping center to one with few operating stores. Locals have shared images of empty halls and closed storefronts on social media<\/a>. In a recent Facebook post<\/a>, John Christopher Gangemi reminisced about Bayshore Mall\u2019s lively past during the 1990s, when mallgoers could head to Sweet River Saloon<\/a>, a restaurant and venue, for a comedy show, or grab a pizza slice at Sbarro. Eureka City Manager Miles Slattery confirmed the sale to SFGATE, adding that the mall owes nearly $39 million in debt.<\/p>\n \u201cWe have a lot of businesses that have been there for a long time,\u201d\u00a0Slattery said. \u201cI don\u2019t know if the sale will affect them.\u201d\u00a0<\/p>\n Because Bayshore Mall does not have a current owner \u2014 it\u2019s being managed by Spinoso Real Estate Group, which acquired the property through receivership \u2014 the trustee sale will be handled by Arizona-based attorney services firm MK Consultants Inc., according to the Times-Standard. In an interview with the Times-Standard, Slattery called the sale a \u201creally weird situation.\u201d He told the publication that he was unsure the bids made \u201cwill be acceptable to creditors looking to defray $38,945,221.94 in debt.\u201d\u00a0<\/p>\n Article continues below this ad<\/p>\n Last summer, Spinoso Real Estate Group CEO Carmen D. Spinoso told SFGATE<\/a> that the agency\u2019s priorities were \u201cstabilizing operations, supporting tenants, and exploring strategies that align with the mall\u2019s role in the community and the evolving retail landscape.\u201d A new request for comment sent to Spinoso went unreturned.<\/p>\n When asked whether the sale could lead to the mall\u2019s closure, Slattery told SFGATE that wouldn\u2019t necessarily be the case. He said there have been interested parties who would purchase the property and try to add larger anchor tenants. Slattery did not share specific details.\u00a0<\/p>\n \u201cAnything can happen,\u201d Slattery said, referencing how there is a Walmart connected to the Bayshore property on a different parcel. \u201cThe most viable thing to do would be to keep it as a retail center and try to get a bigger anchor tenant there.\u201d\u00a0<\/p>\n Article continues below this ad<\/p>\n The Northern California mall has fallen on hard times in recent years. In December, Humboldt Clothing Company permanently closed its Bayshore Mall storefront after a 25-year run. Owner Angel Young told the Times-Standard<\/a> at the time that slow foot traffic was a motivating factor in her decision, which was exacerbated when the entrance to the mall from Walmart closed, according to Young. She told the outlet that her sales declined after that.<\/p>\n \u201cReally, when I\u2019d noticed the sharpest drop in sales was once that door closed off,\u201d Young told the Times-Standard. \u201cAnd then when the DMV closed, too, those two things, I would say that was kind of like \u2026 the nail in the coffin is the best way to put it.\u201d\u00a0<\/p>\n Bayshore Mall, located at 3300 Broadway St. in Eureka, will go for sale on April 17, 2026. The struggling mall owes nearly $39 million in debt.\u00a0<\/p>\n Jeffrey C. on Yelp <\/p>\n The 2019 closure of anchor tenant Sears also left a major void for remaining mall tenants. Brian Reeves, who operates a phone repair booth at the mall, previously told SFGATE that business dropped steadily following the department store\u2019s closure. Reeves also pointed to other issues at Bayshore, like leaks around the mall, that have made it hard to operate. When SFGATE visited<\/a> the property last year, there were dozens of empty storefronts, the food court only had one open restaurant, and rats were spotted by the Mrs. Fields cookie counter.\u00a0<\/p>\n Article continues below this ad<\/p>\n The Humboldt County mall\u2019s decline mirrors the trend for similar Bay Area malls in recent years. Last month, Danville\u2019s former luxury mall, Blackhawk Plaza<\/a>, filed for voluntary Chapter 11 bankruptcy after owing its creditors and purveyors between $10 million and $50 million. The beleaguered San Francisco Centre<\/a> was acquired in an auction for $134 million<\/a> by Goldman Sachs and JPMorganChase in November. A few food court tenants<\/a> remained<\/a> following the sale, but eventually Panda Express, its last restaurant tenant, closed in January, according to the San Francisco Chronicle<\/a>. (The Chronicle and SFGATE are both owned by Hearst but have separate newsrooms.)<\/p>\n It\u2019s unclear what tenants remain at Bayshore Mall. While the mall\u2019s directory page had updated hours for Easter weekend, it also still showed an entry for Humboldt Clothing Company, which closed last year. SFGATE could not reach Bayshore Mall for comment.\u00a0<\/p>\n \u201cIt\u2019s just a sign of the times,\u201d Slattery said regarding the state of Bayshore Mall. \u201cYou see this happening across the country for malls. Definitely in the West Coast and especially in rural areas.\u201d<\/p>\n Article continues below this ad<\/p>\n","protected":false},"excerpt":{"rendered":"Bayshore Mall, located at 3300 Broadway St. in Eureka, will go for sale on April 17, 2026. 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