ARTICLES BY THIS AUTHOR
- 1/18/2021
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. - 1/18/2021
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. - 1/13/2021
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. - 1/13/2021
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. - 1/12/2021
Capitol siege nearly continues at Alaska mall
Alaskan extremist groups intent on carrying protests over 2020 election results to The Dimond Courthouse in Juneau, Alaska, came close to taking it to the Dimond Center Mall in Anchorage instead. - 1/12/2021
Trademark to re-do North Point Mall that Brookfield returned to its lender
The New York Life Insurance Company has hired Trademark Property Company to manage and redevelop the 1.3 million-sq.-ft. North Point Mall in Alpharetta, Ga. - 1/10/2021
PREIT’S re-make of its mall platform will begin at Moorestown
The re-invention of its business platform that helped win PREIT a swift exit from Chapter 11 protection in December will see one of its first executions at Moorestown Mall in the Philadelphia metro area. - 1/7/2021
PREIT signs Aldi to open this year in Massachusetts Mall
PREIT, which exited from Chapter 11 protection in December just a month after it filed for it, has added one of the nation’s fastest-expanding supermarkets to its mall re-tenanting menu. - 1/7/2021
Westfield sells Long Island mall for $30 million
Sunrise Mall, the first two-level mall in Long Island when it opened in 1972, was sold by Unibail Rodamco Westfield for $29.7 million. - 1/5/2021
5Qs for Ronald Dickerman on urban retail, post-pandemic
Major United States metros have taken a huge hit from COVID-19. To get a view on the street in New York, we went to Ron Dickerman, the founder and president of Madison International Realty.