ARTICLES BY THIS AUTHOR
- 1/29/2021
InvenTrust hires Simon veteran to manage its Houston properties
Eleven-year Simon Property Group veteran Jennifer Pollock, who handled leasing at the Houston Galleria, has joined InvenTrust to manage leasing and development of its Houston properties. - 1/27/2021
Hawaii’s largest open-air center unveils post-pandemic image change
Brookfield’s 2.4 million-sq.-ft. Ala Moana Center has introduced a new logo and its first consumer-facing marketing program in 10 years. - 1/27/2021
5Qs for Joe Coradino on Malls in the 21st Century
What mall owners everywhere started doing during the pandemic—replacing lost anchors with health care facilities, adding experiential tenants, giving failing properties back to the bank—Joe Coradino began doing almost 10 years ago at PREIT. - 1/27/2021
Occupancy costs plagued non-essential retail tenants in 2020
For retail renters and landlords in 2020, there was little middle. - 1/21/2021
COVID-19 precautions have led to low levels of influenza
Mall owners and operators who spent big money outfitting their enclosed spaces with state of the art air purification and sanitation systems might have helped make medical history. - 1/20/2021
Still-rising New Hampshire mega-center molds itself for life after COVID-19
“Boston’s like a ghost town, and it was always hustle-bustle,” said Mike Powers, senior VP of Tuscan Village. “It’ll come back, but it’s a wakeup call to the real estate market that things had gotten out of hand.” - 1/19/2021
Kimco re-launches program to help tenants tap into $248B of new PPP assistance
Kimco Realty, an owner-operator of 400-plus neighborhood and mixed-use centers, has re-deployed the Tenant Assistant Program it introduced in the spring to assist its small-business tenants in applying for the second round of Paycheck Protection Program funds approved by Congress. - 1/19/2021
Considering rampant spread of COVID-19, December mall traffic was surprisingly high
Traffic statistics at American malls in the early days of this year’s expanded holiday shopping season fell in step with the volume of COVID-19 cases being reported—except during gift-buying crunch time in December. - 1/14/2021
With 90% of rents paid, Tanger reinstates its cash dividends
Like many retail real estate companies plagued by shutdowns during the pandemic, Tanger Factory Outlets suspended cash dividends to its shareholders. Now, with bolstered cash reserves of $80 million, the company has re-started making the quarterly payments. - 1/14/2021
Distressed asset specialists Summit and Keen open new office in Chicago
Keen-Summit Capital Partners and its parent company, Summit Investment Management LLC, have opened a joint office in Chicago to expand their participation in distressed asset management in the Midwest.