TENANT UPDATE

Macy’s to close 45 stores by mid-year as part of previously announced plan

Macy’s is starting to streamline its store portfolio.

Sensormatic: Store traffic down 33.1% in six-week holiday period

Black Friday continued to live up to its reputation as the busiest shopping day despite the pandemic.

As restaurants struggle, Poag signs two new concepts at Metro Atlanta property

One of the saddest effects of COVID-19 is seeing much-loved dining spots close. Will new ones take their places?

It’s a record! 11,000 closed stores and 40 retailer bankruptcies in 2020

It may be a record, but it’s not a surprise.

Restaurants in free fall

The tide of restaurant closures and bankruptcies continues to rise amid the pandemic.

CBL opens 1.4 million sq. ft. of new retail in emergence from Chapter 11

Through the pandemic and a Chapter 11 restructuring, one of the nation’s largest owners of regional malls reports that it put tenants in 1.4 million sq. ft. of newly leased space as it attempts to transform its portfolio into suburban town centers.

Simon adds new omnichannel returns offering

A major mall operator is now partnering with two different platforms for in-store returns of online purchases.

Survey: Consumers say indoor air quality crucial to prevent COVID-19 spread

Consumers are paying close attention to the indoor air quality of public spaces amid the pandemic.

Real Estate Investor Survey: Retail sector will be hurt most by COVID-19

Nine out of 10 investors and senior property company directors think real estate transaction levels will return to pre-pandemic levels in 2021.

True Food debuts in Ohio at Easton Town Center

True Food Kitchen, the healthy dining chain co-founded by Dr. Andrew Weil and co-funded by Oprah Winfrey, opened at Easton Town Center in Columbus this week, its first location in Ohio.

COVID-curbed theaters, restaurants held rent collections under 90% in September

Paid rents at retail centers ticked up from 81% in August to 83% in September, still far below the 93% collected last year at this time.

Syracuse mall asks tenants to leave, shuts for good

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.

Regal Cinemas re-closes; will shut down all 536 locations

After commencing a re-opening in August, Regal Cinemas has once again shut down all 536 of its theaters following MGM/Universal announcement of the delay of “No Time to Die,” the new James Bond Film.

American Dream re-opens on October 1 – with retail

Seventeen years after the project had its beginnings the New Jersey Meadowlands—Triple Five’s third mega-mall opens its doors to the public on Thursday.