ARTICLES BY THIS AUTHOR
- 5/25/2020
Florida grocery-anchored center sells for $47 million
Why, when the economy’s crippled by pandemic, would a real estate investor pay $46.7 million for a 59,694-sq. ft. grocery-anchored center? - 5/24/2020
The 14 biggest department stores and apparel chains take up 25% of mall space
Over the past five years, the average monthly growth rate for Internet retailers averaged 1%. In April 2020, however their sales ballooned past 8%. - 5/21/2020
PREIT CEO thinks J.C. Penney can stay alive with a scaled-down format
PREIT CEO Joseph Coradino, who several years ago began buying back department store space in the company’s malls and filling them with more viable retail concepts, now thinks we may not have seen the last of J.C. Penney. - 5/20/2020
Economists: COVID-19’s impact on retail real estate will be more severe than in 2008
The Urban Land Institutes latest Real Estate Economic Forecast shows that investors have less to worry about than they did during the recession of 2008 — unless they happen to have large holdings in hotels or retail. - 5/20/2020
CoStar: Retail rents will fall as much as 15% in 2020
Some retail shops, restaurants, fitness centers, and movie theaters that survive the pandemic panic may be paying much lower rents in the coming years. - 5/20/2020
Mall of America skips two mortgage payments
Retail landlords nationwide have been telling tenants to obey their leases and pay their rents because the landlords themselves have to continue to maintain properties and pay their taxes and mortgages. - 5/19/2020
Phillips Edison launches re-opening website for tenants
As more states begin allowing non-essential businesses to re-open, Phillips Edison & Company has created a website to help tenants get going quickly at its 317 centers in the United States. - 5/19/2020
The price of ‘T’ is cheap at closing Knoxville mall
The 15-by-10 ft. “Power T” from the Knoxville Center Mall is up for sale. - 5/18/2020
ICSC TV ad asks for passage of COVID-19 Recovery Fund
The COVID-19 pandemic has caused many firsts, the latest one being the first national TV ad campaign from the International Council of Shopping Centers. - 5/18/2020
Cullinan Properties names new CFO
Cullinan Properties, developer of several mixed-use properties in the central United States, has hired Tim Hogenkamp as its new chief financial officer.