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Tenants such as Dick’s, Boscov’s, Aeropostale, and Victoria’s Secret at Cumberland Mall in Vineland, N.J., may soon find delivery of their online orders moving out faster and easier.
Mall of America in Bloomington, Minn., has been without a cinema since last spring when CMX filed for bankruptcy and closed its operation in the mall.
San Antonio’s The Rim, at 1.6 million sq. ft the largest power center in Texas, has been sold by the Hines Global REIT Liquidating Trust for an undisclosed sum.
The Comedy Shrine, a comedy club run by a former trouper at Chicago’s Second City improv theater, has moved into Fox Valley Center in Aurora, Ill.
PREIT CEO Joe Coradino has a “winner-take-all” theory that lesser malls will close in most markets and better malls will capture their customers and flourish.
Queen Ka’ahumanu Center, the largest mall on the Hawaiian island of Maui for 50 years, may be facing its demise.
As part of a $6.5 billion deal that will make it a private company, Brookfield Property Partners returned three malls to their creditors, according to a report from KCP Research.
After testing a Fillogic micro-distribution hub at its Deer Park Center in Long Island, Tanger Factory Outlets has announced it will expand the third-party logistics company’s system across its entire portfolio.
The suburbs north of Dallas have long been a target for expanding retailers, and the Legacy West development in Plano has been snaring some of the most coveted brands.
Leasing activity at PREIT properties during the first quarter of 2021 strongly contradicts a popular notion that malls will all perish post-pandemic.
Westwood Financial has hired a new director of leasing.
Remote working has led millions of people to abandon apartments in major metros and move to smaller cities and suburbs.
Following a year when leasing activity declined by almost 30% in her state, a top broker in New Jersey sees a significant uptick in retail expansion with strong brands like Planet Fitness, Dollar Tree, and Five Below eagerly snapping up empty spaces.
Two Baltimore guys named David Bramble and Peter Pinkard recently accomplished something few in town thought could be done.
For folks in rural areas, eye examinations are often an annual family outing. Optical shops must pay opticians who do eye exams salaries in excess of $150,000, and that’s just not profitable in towns like Beersheba Springs, Tenn., or Deweyville, Utah.
Easton Town Center’s $500 million new urban district, where an RH Gallery and an Arhaus have already been doing business, opened four new tenants this week.
PREIT has reported collecting 119% of rents at its 19 regional and super-regional malls in the first quarter due to payments of current obligations, as well as some it had deferred during the 2020 shutdowns.
Kimco and Weingarten, both important operators of grocery-anchored shopping centers in the United States, have merged to become No. 1 in that business with a combined portfolio of 559 properties.
Last week, New York City released a report saying that the value of its forest of office towers had fallen by 25% in the past year.
Though scores of national brand retailers populate the 100-plus malls and outdoor centers CBL Properties operates in 24 states, the Chattanooga, Tenn.-based company likes to point out that some 1,300 of its tenants are locally owned businesses.
JLL Capital Markets announced that it had closed the sale of McKinney Marketplace in the town of the same name north of Dallas.
One of the world’s largest commercial real estate services firms predicts herd immunity will be achieved by September, that the e-commerce/retail mix is stabilizing, and that Americans are dying to get out and spend their $2 trillion in excess savings.
Mall vacancy rate in the United States rose from 10.5% in the fourth quarter of 2020 to 11.4% in the first quarter of 2021, according to Moody’s Analytics.
After six months of closed theaters and an operating loss $2 billion, Regal Cinemas will be re-opening some 500 theaters beginning this month.
Chicago has long been known as The Second City due to its secondary status in the shadow of New York, but it’s one of the major metros that lost lots of high-income residents during the pandemic.
CBRE released a report a few weeks ago that should have caused a pause in the proceedings of national retailers expanding their omnichannel operations.
Amazon started buying up failed malls and turning them into warehouses and distribution centers long before the pandemic sent e-commerce purchasing sky-high.
John Dickerson, who spent the last three years managing the digital marketing efforts of the massive Butler Plaza center in Gainesville, Fla., has been promoted to director of marketing at Butler Enterprises.