Al Urbanski
ARTICLES BY THIS AUTHOR
- 4/6/2021
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
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. - 4/5/2021
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. - 3/31/2021
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. - 3/29/2021
5Qs for Ralph Conti on ground-up developments
Over four decades as a retail real estate developer, Ralph Conti has pretty much seen it all. - 3/29/2021
Ingka’s next Ikea-based urban center will rise in Toronto
The Shops at Aura, a shopping mall in downtown Toronto that sorely lacks traffic, has taken lots of abuse from the Canadian press for under-delivering to its retail tenants. - 3/28/2021
Phoenix’s Paradise Valley Mall to be remade as a town center
Macerich has sold 95% of its interest in the Paradise Valley Mall in Phoenix and will retain 5% to work on its town center redevelopment with PV RE Devco in a partnership called RED Development. - 3/28/2021
Cordish will create the entertainment concept at new Chicagoland project
The Cordish Companies has joined with UrbanStreet Group to develop an entertainment concept for The District at Veridian, the downtown portion of its 225-acre Veridian mixed-use district going up in Schaumburg, Ill. - 3/24/2021
Should online purchases picked up in stores count in percent-of-sales leases?
David Simon, chief executive of the largest mall-owner in the United States, wants tenants with percentage-of-sales leases to count merchandise purchased online but picked up in their stores to count those receipts in their monthly tallies. - 3/23/2021
Black community group raises $28 million to buy L.A. mall
Two bids made in the past year for the Baldwin Hills Crenshaw Plaza Mall in the Crenshaw neighborhood in Los Angeles were blocked by a Black community group, which this week released a statement announcing the raising of more than $28 million to purchase the property.
