Al Urbanski
ARTICLES BY THIS AUTHOR
- 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
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. - 4/7/2021
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. - 4/6/2021
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. - 4/6/2021
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. - 4/5/2021
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
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. - 3/29/2021
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. - 3/28/2021
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.
