Tenant Update

RCS deal will keep all Ann Taylor, Loft, and Lane Bryant stores open in Simon malls
After Sycamore Partners’ Premium Apparel unit bought Ascena Retail Group for $540 million in a Chapter 11 auction last December, it approached Simon Properties and requested rent relief for some 235 Ann Taylor, Loft, and Lane Bryant stores in the company’s malls.
Macerich seeks help from investment bank for notes that come due in July
With malls stymied by pandemic-related closures and bankrupted tenants, Macerich finds its cash flow limited and has hired the PJT Partners investment bank to help it deal with a $1.5 billion revolving credit facility that comes due in July.

Graiser: U.S. retailers are captured in a $40 billion deferral bubble

After herd immunity quells the threat of COVID-19 and masks are thrown away, retailers will still be feeling the ill-effects of the pandemic, according to Andy Graiser, co-president of A&G Real Estate Partners.
RPAI chief says strong fourth quarter augurs a comeback in 2021
Jeff Berkes is named president of Federal Realty

Federal Realty, owner and operator of more than 100 shopping centers and power centers, has named Jeffrey S. Berkes president and chief operating officer.
Andrea Olshan steps down as CEO of Olshan Properties

After 17 years of working with and leading her family’s company, Andrea Olshan is stepping down as CEO of Olshan Properties.
Wloszek is picked to lead customer experience at Phillips Edison

What do retail tenants really want from their landlord?
Simon CEO: The suburbs will be ‘hot’

A big change coming out of the pandemic will be the shift from urbanization to suburban growth.
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.
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.

RCS deal will keep all Ann Taylor, Loft, and Lane Bryant stores open in Simon malls

Macerich seeks help from investment bank for notes that come due in July

Graiser: U.S. retailers are captured in a $40 billion deferral bubble

RPAI chief says strong fourth quarter augurs a comeback in 2021

Jeff Berkes is named president of Federal Realty

Andrea Olshan steps down as CEO of Olshan Properties

Wloszek is picked to lead customer experience at Phillips Edison

Simon CEO: The suburbs will be ‘hot’

InvenTrust hires Simon veteran to manage its Houston properties

5Qs for Joe Coradino on Malls in the 21st Century