Gov. Andrew Cuomo stalled the opening of malls in New York, requiring that air filtration systems be upgraded before they could allow customers in, but ShoppingTown Mall in DeWitt, N.Y., could only let in the rain.
Ever since FedEx opened a 400,000 distribution center in Ocala, Fla., four years ago, business has been livelier at nearby Pearl Britain Plaza—so much so that a new and improved Publix will be constructed at the center.
Colliers International’s executive managing director Nikki Traff has claimed to increase net operating incomes for landlords by $2 million in 18 months by re-tenanting shopping centers. We spoke with her to find out more.