Tenant Update

Mall redevelopments can take up to three years and cost as much as $10 million, but they’re worth it.

Retail centers are evolving from shopping destinations into social destinations.

PREIT reported encouraging results on the first weekend of the holiday shopping season.

The big developer’s new strategy is based on two elements: density and experience.

Within the span of little more than a month, Thor Equities will have opened retail centers with more than 5 million buildable sq. ft. in Mexico.

Five stores are opening at National Realty & Development Corp.-owned shopping centers in New Jersey.

PREIT is aggressively defending Capital City Mall’s position as the top shopping center in Harrisburg, Pa., with a bevy of new tenants.

Claire’s Stores has completed its financial restructuring nearly seven months after it filed for Chapter 11 bankruptcy protection.

Because they once drew scads of traffic to shopping centers, big department stores have historically paid minuscule rents. As a result, not all center-owners are mourning Sears’s Chapter 11 filing.

Reports are circulating in the business press this week about an impending bankruptcy filing from Sears, but one Northeastern mall owner began preparing for this day years ago.