Al Urbanski
ARTICLES BY THIS AUTHOR
- 10/4/2021
LA Fitness replaces Best Buy at Long Beach center
LA Fitness’s chief of real estate Bill Horner notes that convenient access to large, active populations is the key to the chain’s location strategy, and that’s certainly the case with its newly announced location at Marina Pacifica Shopping center on the Pacific Coast Highway overlooking Alamitos Bay. - 10/3/2021
JLL closes $37.5 million sale of California center, says big-box retail is strong
A private family trust that developed Marketplace Beaumont in the Inland Empire east of Los Angeles in 2008 has sold it for $37.5 million in a marketplace in which investors are paying top dollar for viable retail centers in strong markets. - 9/30/2021
Fans flock to Westfield Centers to hear Lady Gaga debut 'Love for Sale'
Lady Gaga fans filled 20 Westfield Centers across the globe yesterday to watch her open a live performance singing Luck Be a Lady backed by a five-piece jazz band. - 9/29/2021
JLL: Consumer spending growth in 2021 will be highest since WWII
Net absorption of retail real estate—actual move-ins—will total 20 million sq. ft. in the second quarter according to JLL’s “Retail Outlook” for the remainder of 2021. - 9/28/2021
For restructuring awards, make it three for A&G
A&G Real Estate Partners has been honored a third time for its part in the restructuring of Tuesday Morning and GNC, this time with a Turnaround Award from M&A Advisors. - 9/28/2021
Spurned by the owner, an Illinois town attempts to redevelop its million-sq.-ft mall property
Bloomingdale, Illinois’ Stratford Square Mall has a vacancy rate of 69%. Its owner is doing little to reverse it, so village officials have stepped in to help reinvigorate the 1.3 million-sq.-ft. property. - 9/27/2021
Two new senior appointments at Cullinan Properties
Kathleen Cullinan Brill has been named executive VP of business development and investor relations at Peoria, Ill.-based Cullinan Properties. - 9/22/2021
Tenants are told to vacate the mall at Harborplace in downtown Baltimore
In the 1980s, Rouse’s Harborplace development in Baltimore was a model “festival marketplace” copied by declining downtowns across the country. This year, however, its mall will be closing. - 9/21/2021
A&G claims a second award for the restructuring of Tuesday Morning
A&G Real Estate Partners was recognized along with other advisory and banking firms that assisted Tuesday Morning in its restructuring. - 9/20/2021
Macerich sells Tucson center to fuel its town center strategy with $100 million
Macerich, one of the top 20 owners of retail real estate in the U.S., has sold La Encatada, a high-end specialty center in Tucson for $165 million, generating $100 million in liquidity.
