ARTICLES BY THIS AUTHOR

04/07/2020

PREIT furloughs 37% of its workforce

Large mall owner PREIT girded itself further against the coronavirus shutdown by furloughing 62 employees at its properties and 41 corporate office employees.
04/06/2020

Kimco forms unit to give tenants a jump on government relief

When the pandemic hit, Conor Flynn and the rest of the leadership at Kimco were confident they’d make it through the tough times. 
04/06/2020

Simon Premium Outlets chief is chosen to lead Tanger

Stephen Yalof has joined Tanger Factory Outlet Centers as COO and will succeed Steven B. Tanger as CEO in 2021.
04/02/2020

10,000 tune into Marcus & Millichap coronavirus webcast

Here’s how the coronavirus-caused economic plunge is different from 2008.
04/01/2020

Kimco puts $800 million cash on its balance sheet to ride out the pandemic

One of North America’s largest publicly traded owners and operators of grocery-anchored centers and mixed-use assets has girded itself against coronavirus by obtaining a $375 million unsecured term loan.
04/01/2020

NYC leasing agent: 40% of shutdown businesses won’t re-open

One retail leasing agent in New York foresees bleak consequences in the aftermath of the coronavirus pandemic, with retail vacancy rates hitting 50%.
03/30/2020

ICSC’s McGee asks Congress to create fund for ailing retail businesses

International Council of Shopping Centers president Tom McGee has urged Congress to pass a recovery fund bill for businesses debilitated by the coronavirus pandemic.
03/30/2020

Simon furloughs 30% of its workforce

The nation’s biggest, which had temporarily closed all of its properties, is now shedding nearly a third of its workforce.
03/30/2020

PREIT takes actions to improve liquidity by $300 million during Coronavirus pandemic

Pennsylvania’s largest owner of enclosed malls has taken actions to strengthen its balance sheet and create $300 million in incremental liquidity.
03/23/2020

RPAI scales down redevelopment plans at Carillon

In reaction to the sudden economic downturn, Retail Properties of America, Inc., has decided to halt vertical construction plans at its Carillon project, which resides in Maryland between Baltimore and Washington, D.C.