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Al Urbanski

Real Estate Editor & Manager

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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

December 2020

Black Friday hasn’t gone away as much as it’s been extended.

Jeff Edison

​​​​​​​Phillips Edison chief Jeff Edison’s top concern was his tenants when COVID-19 shut down nail salons, fitness centers, and other non-essential businesses in his centers.

Mark Ghermezian

The 2020 pandemic wore hard on American retail centers. They are now all trying to re-invent themselves as entertainment and dining centers.

David R. O'Reilly

The CFO who was made president of Howard Hughes Corporation and continued in both those roles while serving as interim CEO has now been formally invested with the top job.

Having had the Bankruptcy Court for the District of Delaware confirm its restructuring plan, PREIT issued an announcement that it expected to emerge from Chapter 11 bankruptcy protection within the next few weeks.

November 2020

Greendale Mall in Worcester could serve as the poster child for COVID-19’s acceleration of online shopping and demand for merchandise fulfillment services.

Unibail Rodamco Westfield has opened another Brik + Clik showroom at Westfield World Trade Center in New York.

Eighty-six percent of consumers surveyed about their 2021 holiday shopping plans said they would do their shopping online this year.

One of big mall owner Macerich’s chief properties, the million-sq.-ft. Queens Center Mall that serves as that New York City borough’s retail nexus, has emerged from special servicing brought upon by the pandemic downturn.

Real estate researcher CoStar this week reported that sublease space in the second quarter reached 157 million sq. ft. or 1.7% of the total office inventory.

The massive Butler retail complex in Gainesville, Fla., has five supermarkets and 44 food and beverage establishments, so why not five Christmas tree lightings?

Hines and Columbia Development has broken ground on what will be one of the largest retail-focused developments under construction in the United States this year.

The merger of two of the nation’s biggest mall owners that was announced in February and hit several snags throughout the year is finally a deal.

The early start predicted for holiday shopping in the pandemic year of 2020 is happening, according to store traffic counts.

American Dream’s newly opened retail section will be getting a boost from a week-long “Make Dreams Come True” surrounding the Thanksgiving holiday.

Victor Sahn has specialized in bankruptcy law going on 40 years, and he says that what’s happening in retail Chapter 11 situations during the pandemic is something entirely new.

Big mall operator Macerich began thinking in earnest about Holiday 2020 during the summer when it became clear it would be a holiday season like no other.

Stephanie Baldwin

After eight years of managing new builds, renovations, and dispositions for the nation’s largest movie theater chains, Stephanie Baldwin will now do the same for one of the largest owner-operators of outdoor retail centers.

The Feil Organization’s renovation of Concourse Plaza, a 311,000-sq.-ft. center four blocks from Yankee Stadium in the Bronx, continues four years after it began.

PREIT files for Chapter 11 protection to enable restructuring

Big mall owner PREIT has filed for Chapter 11 protection to gain access to an additional $150 million to extend its debt maturity schedule and allow it to follow through with planned strategic moves.

Thomas Crossroads new look

Newnan, Ga, 40 miles southwest of Atlanta, registered 16,000 residents in the 2000 Census. Ten years later, that number doubled to 33,000 and it will exceed 40,000 when this year’s count is done.

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