Wednesday s announcement continued a losing streak for the Philadelphia-based firm, with 18 core properties that include Cherry Hill Mall, Moorestown Mall and Cumberland Mall in Vineland.
PREIT reported net losses of $286.9 million in 2020, $38.2 million in 2019, and $137.7 million in 2018.
PREIT s top executive, Joseph Coradino, asserted the firm would benefit from increased leasing during a brick and mortar recovery.
“Traffic is improving across the portfolio with retailers posting strong sales in March, he said in a statement Wednesday.
PREIT said it collected 81 percent of billed first quarter rents as of March 31. That was up from 73 percent at year-end 2020 and 61 percent at the end of 2020 s third quarter.
Here s how Capital Region venues plan to reopen for live entertainment
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Robinson & Rohe perform on reopening night April 2, 2021 at Caffe Lena in Saratoga Springs. For the foreseeable future at the venerable coffeehouse, audiences will be limited to 34 or less for concerts, which will last about 75 minutes, no intermission. No food or drink is available, allowing all patrons to stay masked throughout. (Katie Dobies Photography.)Katie Dobies PhotographyShow MoreShow Less
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Robinson & Rohe perform on reopening night April 2, 2021 at Caffe Lena in Saratoga Springs. For the foreseeable future at the venerable coffeehouse, audiences will be limited to 34 or less for concerts, which will last about 75 minutes, no intermission. No food or drink is available, allowing all patrons to stay masked throughout. (Katie Dobies Photography.)Katie Dobies PhotographyShow MoreShow Less
Limited in-person entertainment performances to be allowed beginning April 2 dailygazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailygazette.com Daily Mail and Mail on Sunday newspapers.
Local concert venue leaders are starting to feel a sense of momentum with last week’s announcement from Gov. Andrew Cuomo that stadiums and arenas could reopen.
A sculpture of Rush drummer Neil Peart comes together in a new video from Canadian artist Morgan MacDonald. A year after Peart s death, MacDonald s aim is for the statue to grace Ontario s Lakeside Park, an area Rush immortalized in their 1975 song bearing the park s name.
He crafted the likeness of Peart with support from his brother, lifelong Rush fan Bill MacDonald. The siblings are teaming with up-and-coming Canadian musician Peter Fewer to dedicate the tribute sculpture to the late Rush member, who died from brain cancer in January 2020.
Watch the video of the sculpture down toward the bottom of this post.