ARTICLES BY THIS AUTHOR
- 4/14/2021
Will emptied offices in major metros devalue retail space?
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. - 4/12/2021
CBL focuses on local tenants in its new mall campaign
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. - 4/12/2021
JLL sells outdoor center in what it calls a hot Dallas market
JLL Capital Markets announced that it had closed the sale of McKinney Marketplace in the town of the same name north of Dallas. - 4/9/2021
Report: Americans itching to get out and spend their $2 trillion in savings
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. - 4/8/2021
Mall vacancy rate increases by a record margin
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. - 4/8/2021
Regal Cinemas to re-open 500 locations this spring
After six months of closed theaters and an operating loss $2 billion, Regal Cinemas will be re-opening some 500 theaters beginning this month. - 4/7/2021
5Qs for Steve Backman on the paucity of fulfillment space
CBRE released a report a few weeks ago that should have caused a pause in the proceedings of national retailers expanding their omnichannel operations. - 4/7/2021
20 towns that could pick up high-roller residents leaving top metros
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. - 4/6/2021
Amazon has converted as many as 25 malls into distribution centers
Amazon started buying up failed malls and turning them into warehouses and distribution centers long before the pandemic sent e-commerce purchasing sky-high. - 4/1/2021
Dickerson named marketing director of Butler Enterprises
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.