Al Urbanski
ARTICLES BY THIS AUTHOR
- 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. - 3/24/2021
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. - 3/23/2021
CBRE: Warehouse space is limited, expensive, and likely to stay that way for some time
It’s a tough year for retailers to be in need of industrial warehouse and fulfillment space, according to CBRE’s retail leader and managing director of industrial and logistics. - 3/17/2021
Long Beach retail site prepares for its third iteration
City Place, a 14-acre, big-box center in downtown Long Beach, Calif., that was the site of the Long Beach Plaza Mall appears headed for redevelopment as a mixed-use center. - 3/16/2021
Take a tour of Easton’s New District
Easton’s 16-acre, $500 million New District is now opening up and offering another inspired example of what gathering-dining-shopping-playing spaces can be in post-pandemic America. - 3/15/2021
Gainesville’s growing live-work-play project opens retail leasing for Phase 2
Celebration Pointe, the 1.5-million-sq.-ft. food-and-entertainment-driven center that opened in Gainesville in 2016, is emerging healthy from the COVID-19 crisis and recruiting new tenants to inhabit its Phase 2. - 3/15/2021
Easy 2020 money stalled retail bankruptcies that will take place in 2021
Plentiful financing offered to retail chains stymied by the COVID-19 pandemic allowed many whose businesses had already been declining to hang on to life in 2020. But 2021 could be their downfall. - 3/9/2021
Retail REITs’ losses declined by half in Q4 2020
Though retail real estate investment trusts continue to tread a rough road back to normalcy, strong advancement was made by them during the holiday season. - 3/8/2021
Washington Prime Group skips interest payment, may be filing bankruptcy
Washington Prime Group, owner-operator of nearly 100 malls and shopping centers across the United States, could be preparing a Chapter 11 filing.
