TENANT UPDATE

Why you should not fear cannabis dispensaries in your shopping centers
Most cannabis dispensaries are bright and well-lit with attractive modern-looking displays.
Long Island center to get a Whole Foods and a new look
With a Whole Foods Market about to take up residence at Huntington Shopping Center, Federal Realty has announced a $75 million makeover of the property on Long Island’s north shore.

Phoenix retail market posts lowest vacancy in seven years

Increases in population and consumer spending are driving the strength of a key Southwestern market.
A tenant pledges to buy his failing mall Upstate New York

"This mall can be saved," says tenant Noal White, and he intends to save it.
Five Below to open flagship in Times Square’s E*Walk

The tenant lineup for the renovated E*Walk in Manhattan’s Times Square is filling up.
Hobby Lobby to open its first store in NYC

The largest arts-and-crafts retailer had drawn a circle around the United States’ largest market but never entered it. Now it will.
Mall of America adds its 17th new tenant since the beginning of the year

Common wisdom from real estate analysts as we emerge from the pandemic is that the best malls will survive, and Mall of America appears to be proof of that.
Federal upgrades Massachusetts center with new tenants and renovations

Federal Realty’s VP of asset management Chris Fleming thinks the pandemic has given the owner-operator of more than 100 properties an opportunity to upgrade many of them.
Entertainment center or intellectual incubator? Arena STEM attempts both at Garden State Plaza

Science, technology, engineering, and mathematics? In a mega-mall entertainment center?
Sales per square foot at PREIT malls tops $600

PREIT CEO Joe Coradino has hit a checkpoint on his mission to establish his properties as the last malls standing in their markets.

Why you should not fear cannabis dispensaries in your shopping centers