BLOG POSTS BY THIS AUTHOR
October 2019
Oct 11
The Experience-to-Stuff Ratio
It’s no secret that a successful retail center of any kind in 2019 — be it an outdoor center or an enclosed mall — must re-jigger its mix to include a wide variety of food, beverage, and entertainment-based tenants.
ARTICLES BY THIS AUTHOR
July 2021
July 30
2021's Top 10 Retail Experiences: No. 1 Easton Town Center
Chain Store Age picks physical retail’s most engaging spots.
July 30
Health care provider buys old Sears store at Moorestown Mall
PREIT has sold the former Sears store at Moorestown Mall in New Jersey to Cooper University Health Care for $10.1 million, a deal that the mall owner has been promising for some months.
July 28
Illinois mall bids farewell to COVID-19 by hosting a wedding
Every time Rachel Young and Aaron Stone visit the Northwoods Mall in Peoria, Ill. on July 11, they’ll be reminded of the summer of 2021.
July 28
Avalon chief developer launches new retail real estate company
The man who was the driving development force behind Avalon, Atlantic Station, and other high-service, customer-focused retail centers for North American Properties has left.
July 27
North Dakota town offers $1M to company that will put an aquarium in its mall
A town in North Dakota lost its 100,000-sq.-ft. Kmart, but it aims to hold on to the Grand Cities Mall where the store closed.
July 27
Developer makes deal to go ahead with 69-acre Belle Oaks Marketplace near Cleveland
With all its real estate now in place, DealPoint Merrill is ready to proceed with the construction of the Belle Oaks Marketplace mixed-use center on the site of what was once one of Ohio’s largest malls.
July 20
5Qs for Josh Poag on lifestyle centers
Back in the 1980s, shopping center developer Dan Poag was developing a new property when his anchor, Kroger, dropped out.
July 19
ICSC changes its name; it’s shopping centers no longer
The International Council of Shopping Centers, whose operations were severely curtailed by the pandemic, has decided to change its name to Innovating Commerce Serving Communities.
July 19
Kite and RPAI merge; become a top five retail center REIT
Kite Realty Group and Retail Properties of America announced a merger in which RPAI will become a subsidiary of KRG.
July 16
Report: Center traffic in U.S. has risen 55% in 2021
Nationwide, the traffic flowing into stores, restaurants, and entertainment centers has risen by 55% since the start of the year.
July 14
Avalon's owner takes over Marietta center with plans to renovate
North American Properties announced that it has acquired a minority interest in The Avenue East Cobb in Marietta, Ga.
July 14
5Qs for Cindy Andersen on Ingka Centres’ U.S. plans
Here are two ways to remember that Ingka Centres, a major owner-operator of mega-malls in Europe, Russia, and China, is part of Ikea.
July 14
Maine’s new Rock Row center signs top chef to run its food hall
Rock Row, Waterstone Properties’ $600 million development in Portland, Maine, has hired chef Akhtar Nawab and his Hospitality HQ to operate the 26,000-sq.-ft. food hall it is planning to open.
July 13
Fox Valley Mall enters virtual reality with Thingamajiggz
Thingamajiggz, a new virtual reality video game experience whose headquarters is outside the Louis Joliet Mall in Joliet, Ill., is making a Chicago Western Suburbs expansion to Fox Valley Mall in Aurora.
July 13
Home sales in the top 50 MPC’s increased by 20% in the past year
Expanding retailers looking for hot new markets might want to start with master-planned communities where home sales are going through the master-planned roof.
July 13
Three dozen new tenants replaced 19 anchors at PREIT malls in past five years
The new mall formula now calls for fewer department stores and more tenants like gyms, restaurants, medical offices, and arcades that bring round-the-clock traffic.
July 12
Easton Town Center welcomes six new tenants
Ohio’s premier, 200-plus-store retail Mecca opened a brand new district during the pandemic and this month ushers in six new tenants—three of which are first-to-market or first in the state.
July 09
Plans for a new mixed-use project in downtown San Antonio move forward
Essex Modern City has received a $3.456 million loan that will allow it to move ahead with the construction of an 8-acre mixed-use development in downtown San Antonio.
July 08
4 million-sq.-ft redevelopment of mall site in D.C. metro is approved
The 4 million-sq.-ft. Landmark Mall site in Alexandria, Va. has been approved by the city council.
July 07
Report: Malls are within striking distance of 2019 traffic levels
Placer.ai’s latest mall index indicates that traffic in enclosed shopping centers during June was only eight percentage points off June 2019.
July 06
Nebraska mall credits COVID-19 for its rejuvenation
In the early 19th Century, tens of thousands of pioneers passed the 800-foot-high Scotts Bluff journeying westward on the Oregon Trail.
July 06
Pinstripes signs two leases at Westfield properties
Pinstripes, the bowling-bocci-beer-and-bistro concept that’s signed development deals with Simon and Brookfield has struck a deal with Unibail-Rodamco-Westfield.
July 06
Black Lion has $100 million to spend on retail space in the 'Manhattan of the South'
The Black Lion Investment Group spent $38 million on retail real estate in Miami in the last two months.