ARTICLES BY THIS AUTHOR
- 6/8/2020
Report: 20,000-plus stores will close in 2020, mostly in malls
A new report from Coresight Research predicts that 20,000 to 25,000 stores will close in the United States this year. - 6/7/2020
5Qs for Greg Maloney about retail’s rebound
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. - 6/7/2020
Pyramid asks New York State to let malls open this week
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. - 6/3/2020
TORG signs 13 new tenants at re-opened 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. - 6/3/2020
Landlord: 80% to 90% of non-rent-payers are national chains
There are three types of bad actors among retail center tenants not paying rent, said DLC Management Corp. CEO Adam Ifshin. - 6/2/2020
Kite unpacks re-open program for its centers
As more states welcome shut-down retailers back to business, center owners and operators are helping them with new programs for new times. - 5/31/2020
Malls looted nationwide during George Floyd protests
Malls in cities across the country were broken into and looted during weekend protests against the killing of George Floyd by Minneapolis police. - 5/28/2020
Chicago issues restaurant re-opening regulations
Chicago has beaten New York City to the starting gate for restaurant re-opens, issuing official regulations this week. - 5/28/2020
5Qs for Sandy Sigal on shutdowns, re-opens, and Holiday 2020
NewMark Merrill (no relation to that other Newmark) owns and/or manages some 70 outdoor centers in California, Illinois, and Colorado. - 5/27/2020
Storied Louisiana retail developers fund real estate scholarship at Tulane
When Jimmy Maurin and Roger Ogden, both graduates of Louisiana State University and Tulane, decided to leave the professional world and start building retail centers in 1975, neither of them had any experience in real estate.