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.
With e-commerce sales surging past 20% during the pandemic, shopping center operators have had serious discussions about turning their empty department store anchors into last-mile distribution centers.
Minnesota’s Mall of America will dedicate a retail space called Community Commons to shops in Minneapolis and St. Paul whose businesses have been disrupted by the pandemic and social unrest brought about by the killing of George Floyd.
The Connecticut Post Mall in Milford lost its Sears and J.C. Penney and wants to fill those empty spaces with luxury apartments that owner Centennial thinks would fill a need in the community and save the property.
Starwood Capital Group missed as many as four payments on a $549 million commercial mortgage-backed security it used to buy a distressed group of seven malls in 2013 and, as a result, has lost five malls in an open bid.
At 7 a.m. on Wednesday, 100 shoppers were waiting in line on Queens Boulevard in Elmhurst, eagerly anticipating gaining entry for the first time in months to New York City’s most highly trafficked mall, Queens Center.
Colliers International’s executive managing director Nikki Traff has claimed to increase net operating incomes for landlords by $2 million in 18 months by re-tenanting shopping centers. We spoke with her to find out more.
Ever since FedEx opened a 400,000 distribution center in Ocala, Fla., four years ago, business has been livelier at nearby Pearl Britain Plaza—so much so that a new and improved Publix will be constructed at the center.
When Triple Five reported in July that it had lost some tenants, the price of about $1 billion worth of municipal bonds funding the company’s American Dream mall in New Jersey fell to about 87 cents on the dollar.
To make it absolutely plain that its business is 100% based on grocery-anchored shopping centers, the Slate Retail REIT has changed its name to Slate Grocery REIT.
“Slate Grocery REIT better reflects our business and investment thesis, which have
Many in the retail industry were surprised this week by reports that Amazon has been talking with Simon about putting distribution centers into some of the mall chain’s shuttered Sears and Penney’s stores.
A day after reporting a 36% decrease of $18.6 million in the second quarter, mall owner PREIT announced it has executed a secured term loan for up to $30 million to shore up its liquidity as the COVID-19 pandemic draws on.
Impacted by the mandated closing of seven properties in California in July, Simon Property Group saw its net operating income drop to $254 million in the second quarter—42% less than the $437 million it took in during Q2 2019.
Simon Property Group’s mission to re-energize and re-make its malls may have entered a new phase.
Already embarked on a plan to become an owner of important tenants such as Brooks Brothers and Lucky brands, the nation’s top mall owner is looking
Silver Diner has made a commitment to clean air as well as “clean” food in all its restaurants.
The farm-to-table chain, which has 20 locations in Maryland, Virginia and New Jersey and is known for its emphasis on healthy eating and fre
Sunflowers have sprung up all around the streets of Assembly Row, located in Somerville, Mass. — in shop windows, on sidewalk signage, billboards, bathroom doors, hand sanitizers, and automatic parking lot gates.