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PREIT tidies up portfolio with sale of Washington Crown Center
Adhering to its company motto of “Quality Shopping Malls in Compelling Markets,” PREIT reached an agreement to sell the Washington Crown Center in Washington, Pennsylvania. At the same time, it announced it had put the Beaver Valley Mall up for sale. In a press release, PREIT noted it had embarked on a portfolio optimization program focusing not just on new properties, but on new types of tenants that could fuel growth. -
California mall gets nation’s first-ever Hello Kitty Café
Hello Kitty Cafe is pretty darn cute — and popular. Located at the Irvine Spectrum Center in Irvine, California, the pop-up café opened on July 15, and draw such crowds that it had to temporarily close for a few hours. It’s housed within a pink shipping container that has been refurbished to feature a counter and dining patio area, complete with bistro tables and pink-and-white striped awnings. Bold character graphics adorn the exterior and interior container panels.

