ARTICLES BY THIS AUTHOR
- 6/10/2020
Pandemic layoffs occur at ICSC
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. - 6/10/2020
5Qs for Carla Ferber on how tech will drive post-pandemic retail
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. - 6/9/2020
Former Sephora CEO: Pandemic is making retail do what it should have done years ago
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. - 6/8/2020
Namdar acquires Connecticut mall, its seventh this year
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. - 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.