PREIT has been doing it, CBL is doing it, and now another big mall owner is offering special lease terms to local and minority-owned businesses to add variety to its tenant lineups.
A New Jersey-based real estate investment firm, most of whose 43 outdoor centers are found east of the Mississippi River, has purchased its first property in Texas.
With its latest acquisition, North American Properties claims to have achieved “critical mass” control over aspirational mixed-use developments in the tony North Atlanta suburbs.
PREIT, the mall owner which years ago set a minimum average sales-per-sq.-ft. number as a marker for dispossession, now finds itself with record-high receipts.
DJM Capital, owner of Ovation Hollywood and Pacific City in Huntington Beach has seen what’s essential and this week closed on four neighborhood centers in California.
