TENANT UPDATE

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

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

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.

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

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

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 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.

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.