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Al Urbanski

Real Estate Editor & Manager

BLOG POSTS BY THIS AUTHOR

October 2019

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Oct
11
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 2020

Paul Hartley

Of all the changes COVID-19 has visited upon the retail industry, the catalysis of omnichannel operations might end up having the most profound and long-lasting effect. 

New York State Mall owners and the thousands of tenants they house had planned to get back to business today. Instead, they remain shut down and up in arms.

DLC Management Corp. continues to notch major lease signings as the pandemic continues to grind on.

RPAI CEO Steven Grimes

Delayed April and May rent payments are starting to come in at one of the nation’s largest owners of open-air and mixed-use centers.

On July 1, Apple announced it would re-close 30 more stores it had already re-opened during the COVID-19 crisis.

June 2020

Topgolf management decided to make company history in the town that is famed in PGA history -- Augusta, Ga.

In an America where enclosed malls give way to entertainment and food-driven town centers, malls that served as community hubs in the 80s struggle to survive in the 20s.

Lidl has signed a lease for a 27,800-sq.-ft. space once occupied by a Big Kmart at Frederick County Square.

Transwestern Real Estate Services this week closed a deal that transpired entirely during the COVID-19 pandemic.

As CFO of Howard Hughes Corp., David O’Reilly played a significant role in the financial direction of the company into master-planned communities.

Owners of two shopping centers in Salinas, Calif., say they’ve made COVID-19-related rental agreements with all but two of their 80-plus 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.

Few brand new shopping destinations are debuting as the pandemic lingers, but a big grand opening is happening this week on the continent where COVID-19 started.

Roosevelt Field Mall

In a Tuesday news conference, New York State Budget Director Robert Mujica released preliminary information about the state’s Phase 4 re-openings next week. Mall retailers were not happy.

U.S. District Court in Detroit

Taubman Centers’ fight to close its merger deal with Simon Property Group begins tomorrow, according to CNBC.

John Morris

John Morris has had his role expanded to serve as leader for Americas Retail at CBRE.

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.

One of America’s biggest mall owners is back in business with a great majority of its tenants at their registers. 

PREIT's Cherry Hill Mall in New Jersey

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

JC Penney storefront

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.

Taubman's Beverly Center in Los Angeles

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

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

Bob Myers

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

Lincoln Road in Miami

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.  “T

With COVID-19 cases steadily declining and states allowing non-essential retailers to re-open, retail centers are finally starting to get back to normal.

Just a few weeks after RECon, the real estate industry’s largest trade show, would have taken place, the International Council of Shopping Centers laid off a significant portion of its workforce.

 Carla Ferber

Owners and operators of shopping malls and outdoor centers have never been known as early adopters of technology, but that most certainly is going to change in the post-pandemic era.

The retail industry is certainly expecting its COVID-19 casualty list to be high, but is it possible that one-third of all malls will cease to exist at the end of 2021? 

In 2020’s first quarter, Sephora threatened to close the 600 shops it operates inside J.C. Penney stores before coming to an agreement to keep them open.

A new report from Coresight Research predicts that 20,000 to 25,000 stores will close in the United States this year.

Westfield Meriden mall in Connecticut

As American malls begin a return to operations in a revised retail environment, Namdar Realty Group pursues its standard strategic mission of snapping up viable malls in B and C markets.

In its report focusing on 2020’s historic first quarter, JLL observed that retail and real estate were among the industries hardest hit by COVID-19.

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.

Adam Ifshin

There are three types of bad actors among retail center tenants not paying rent, said DLC Management Corp. CEO Adam Ifshin.

TORG's OKC Outlets

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.

As more states welcome shut-down retailers back to business, center owners and operators are helping them with new programs for new times.

Bellevue Square Mall

Malls in cities across the country were broken into and looted during weekend protests against the killing of George Floyd by Minneapolis police.

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