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.
Though pandemic-plagued shopping center landlords all complained of some national retail chains that refused to pay rent at all, only 12% of those willing to post their monthly payments asked for abatements.
The 21st Century, mixed-use town center proved well-equipped to deal with the COVID-19 shutdowns, in large part because its many restaurants have front doors on a street that makes curbside delivery easy.
New Jersey residents will be able to return to the state’s malls on June 29, though a nice dinner and a movie remains out of the question.
Retail businesses located inside malls will be able to re-open that Monday, but restaurants, bars, and any
Sixty-one percent of retail tenants had paid their rent as of June 15, a 15% increase over a month ago when just over half anted up, according to the Datex Network Trends report.
“This is a material development.
The year’s biggest mall marriage is not a bust…yet.
In a court filing made Wednesday responding to Simon Property Group’s lawsuit to cancel its $3.6 billion acquisition of Taubman Centers, Taubman asked for an expedited hearing that could prevent
Katie Mahon has returned to the company where she began her retail real estate career 20 years ago, having been named senior managing director and retail leader in CBRE’s Mid-Atlantic division.
Mahon will oversee CBRE’s retail operations and grow
Developers and REITs that specialize in grocery-anchored centers have been the most active retail real estate segment during the pandemic and, therefore, the most familiar with quickly adjusting to government-authorized standards.
One of those is
Miami’s trendy Lincoln Road shopping district will soon be welcoming the city’s first Amazon 4-Star location among several other tenants that, landlords there say, have become attracted to open-air plazas due to the coronavirus pandemic.
A great percentage of the 2.4 million sq. ft. at Destiny USA in Syracuse, N.Y., is devoted to entertainment and dining, but the mall’s owner has promised Gov. Andrew Cuomo that those tenants won’t be re-opening this week if its retail shops can.
When The Outlet Resource Group started re-opening outlet centers it operates in places like Oklahoma City and Park City, Utah more than a month ago, stores were slowly recapturing employees and restocking merchandise.