Displaying items tagged: Pennsylvania Real Estate Investment Trust

Sunday, 11 April 2021 18:40

Financial health of malls a mixed bag as some consider reusing vacant space

As national trends show a rapid decline in the value of shopping malls, West Michigan commercial real estate experts are most worried about the fate of RiverTown Crossings in Grandville.

Sunday, 08 November 2020 09:58

MiBiz Growth Report: November 8, 2020

Here is the MiBiz Growth Report for November 8, 2020.

Published in Economic Development
Monday, 02 November 2020 18:07

Woodland Mall owner files for Chapter 11 bankruptcy

GRAND RAPIDS — Woodland Mall owner Pennsylvania Real Estate Investment Trust (PREIT) has filed for Chapter 11 bankruptcy as mall tenants across the company’s portfolio have struggled to pay rent during the COVID-19 pandemic.

Published in Economic Development

Friday, 11 October 2019 11:35

New anchor store Von Maur set to open at Woodland Mall

GRAND RAPIDS — Woodland Mall is inviting shoppers to “rediscover” the center after its $100 million redevelopment, which has paved the way for a wave of new retailers. 

Sunday, 17 September 2017 12:29

Rivertown reuse? Sources: Changes needed for nearly 20-year-old Grandville mall to remain viable

With the retail sector undergoing seismic shifts to its traditional bricks-and-mortar business model, large malls and shopping centers continue to seek out new ways to remain relevant in the future.

Sunday, 30 April 2017 15:18

REITs seize opportunities in West Michigan, but challenges could emerge

A new kind of institutional investor has started to capitalize on opportunities in West Michigan.

Sunday, 30 April 2017 15:07

Spate of store closures spurs debt worries for retail property owners

The retail real estate sector could be on the verge of a major upheaval, beyond the near steady stream of headlines about brick-and-mortar store closures and bankruptcies in recent weeks.

Sunday, 05 March 2017 19:55

Brokers confident despite turmoil among some West Michigan retailers

GRAND RAPIDS — Two stalwart West Michigan retailers are closing up shop, opening up valuable real estate at a time when space is at a premium in the region.

Friday, 06 January 2017 12:02

New Apple store one of many possible changes coming to Woodland Mall

The ongoing build out of a new Apple Inc. store at Woodland Mall in Grand Rapids makes for just one of many changes at the region’s oldest enclosed shopping center.

Published in Breaking News