Al Urbanski
ARTICLES BY THIS AUTHOR
- 4/25/2021
My Eyelab sets its eyes on isolated locations
For folks in rural areas, eye examinations are often an annual family outing. Optical shops must pay opticians who do eye exams salaries in excess of $150,000, and that’s just not profitable in towns like Beersheba Springs, Tenn., or Deweyville, Utah. - 4/20/2021
Four tenants open in Easton’s new urban district
Easton Town Center’s $500 million new urban district, where an RH Gallery and an Arhaus have already been doing business, opened four new tenants this week. - 4/19/2021
PREIT’s rent collections topped 100% in last two quarters
PREIT has reported collecting 119% of rents at its 19 regional and super-regional malls in the first quarter due to payments of current obligations, as well as some it had deferred during the 2020 shutdowns. - 4/14/2021
Kimco and Weingarten merge to create top grocery-anchored center company
Kimco and Weingarten, both important operators of grocery-anchored shopping centers in the United States, have merged to become No. 1 in that business with a combined portfolio of 559 properties. - 4/13/2021
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. - 4/11/2021
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. - 4/11/2021
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. - 4/8/2021
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. - 4/7/2021
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
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.
