Mall owners optimistic of recovery as foot traffic rises

Shopping malls have seen foot traffic jump substantially in recent weeks, and now some are hopeful for a rebound in a sector that has been one of the hardest hit by the COVID-19 pandemic. A March survey by Placer.AI of 52 U.S. malls that based on mobile phone location data, found that foot traffic jumped

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Shopping malls are on the road to recovery, analyst says

With COVID-19 vaccination campaigns now in full swing, more Americans are getting out and about again, and many are returning to once vacant indoor malls. Foot traffic data from the retail analytics firm Placer.ai shows that visits to 50 major malls in the U.S. rose by 86% in March compared to one year ago. Of

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New York mandates HEPA filters in shopping malls

Businesses in New York City are likely going to need to upgrade their air conditioning systems in order to stop the spread of COVID-19 if they’re going to reopen, reports say. This week, New York state Governor Andrew Cuomo said that the state will require malls in the city to install “high quality” air systems

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Can more entertainment save America’s shopping malls?

Shopping malls in the U.S. are looking to add more entertainment venues and restaurants as part of an effort to reinvent themselves as “theater districts” focused on socializing and shopping. To do so, many shopping malls have, or are in the process of converting vacant stores on their premises into indoor entertainment destinations, with activities

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Restaurants are the new trend in commercial real estate

Sales of restaurants are positively booming, surpassing supermarket sales for the first time in almost twenty years late last year.

Four Ways Commercial Real Estate Will Evolve Over Next 25 Years

By 2039, commercial real estate is expected to be thriving. But over the next 25 years, it will be greatly influenced by changes in demographics, technology, globalization, and economic and environmental realities.

Hammerson and Other Commercial Investors in the Soup

In real estate news from the UK, shopping center owners Hammerson has reported a profit for the first half of this year. The third largest real estate trust in the UK, Hammerson owns or is partners in some of Europe’s most visible shopping centers. With many retailers going under, Hammerson’s more than 5 percent asset increase is a bit of good news – but is it?

TIAA-CREF to Invest $1.09 Billion in 4 CBL Shopping Malls

Today, institutional real estate investor TIAA-CREF announced a $1.09 billion join venture with CBL to invest in four shopping malls. The shopping malls are Oak Park Mall in Kansas City, KS, CoolSprings Galleria in Nashville, TN, County Center in St. Louis, MO, and Pearland Town Center in Pearland, TX. According to Stephen Lebovitz, president and

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