Shopping Centers – HTLHB http://htlhb.com/ Fri, 14 Jan 2022 06:49:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://htlhb.com/wp-content/uploads/2021/06/icon-1-150x150.png Shopping Centers – HTLHB http://htlhb.com/ 32 32 Butler Art Museum to be oversized | News, Sports, Jobs https://htlhb.com/butler-art-museum-to-be-oversized-news-sports-jobs/ Fri, 14 Jan 2022 05:25:34 +0000 https://htlhb.com/butler-art-museum-to-be-oversized-news-sports-jobs/ This architectural drawing shows the new 3,810 square foot expansion of the Butler Institute of American Art in Youngstown. A groundbreaking ceremony was held at the museum on Thursday to herald the expansion. … Submitted photo YOUNGSTOWN – The Butler Institute of American Art collection has grown steadily over the years, and soon the nationally […]]]>

This architectural drawing shows the new 3,810 square foot expansion of the Butler Institute of American Art in Youngstown. A groundbreaking ceremony was held at the museum on Thursday to herald the expansion. … Submitted photo

YOUNGSTOWN – The Butler Institute of American Art collection has grown steadily over the years, and soon the nationally acclaimed museum will have another important area of ​​growth: additional space.

“The whole idea is to create an expanded space where we can accommodate very large works,” said Louis A. Zona, Butler’s general manager.

Zona referred to a $2.3 million, 3,810-square-foot expansion of the museum. That was the thrust behind Thursday morning’s groundbreaking ceremony and program at the Butler, 524 Wick Ave.

The new section will be the Vincent and Phyllis Bacon Wing, named after the Canfields, who donated a gift of about $1 million to the project.

The three-story, glass-fronted building will face Wick Avenue, allowing certain artworks to be easily viewed from the outside. Work is expected to be complete in October, and the new wing could open by the end of the year, said Wendy Swick, the museum’s public relations director.

The butler has about 22,000 works of art, including prints and ceramics, in his permanent collection, Zona noted. The extra space is essential for very large artworks, including some by Paul Jenkins, a major American abstract expressionist painter who lived in New York City, he explained.

Additionally, the 102-year-old museum has about 98 works from the Santa Barbara, Calif.-based David W. Bermant Foundation, Zona noted.

The late Bermant, an Army veteran who also built shopping malls, was a longtime art collector who favored kinetic pieces that depict “movement or perceived movement,” the director added.

Some of the pieces from the Bermant collection will need the new space to be stored and displayed, Zona continued.

The three-story wing will have storage and a vaulted ceiling in the basement, a gallery space on the second level, and a Grand Gallery exhibition area on the ground floor with a 22- or 23-foot ceiling to accommodate unusually large pieces of art, including one that is approximately It’s 15 feet tall, noted C. Robert Buchanan, the project’s chief architect.

In his comments on Thursday, Buchanan added that in 2018 he and Zona considered six possible locations for the expansion before settling on the current location.

A key meaning of the Grand Gallery is that it will “enable a dramatic display of large-scale artworks that we have not previously had the opportunity or space to display,” Zona said in a statement.

“This institution has brought so much to the community over the years. We’ve always had an interest in art,” said Vincent Bacon, secretary to Butler’s board of directors and longtime patron, citing a key reason for the gift.

The addition may also further deepen the connection between the Butler and Youngstown State University by potentially attracting more students and faculty, Phyllis Bacon added.

Boardman-based Davis International Inc. is acting as the contractor.

news@vindy.com

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The impressive story of Donovan Carrillo, the Mexican who will take part in the Winter Olympics and train on the slopes of shopping malls https://htlhb.com/the-impressive-story-of-donovan-carrillo-the-mexican-who-will-take-part-in-the-winter-olympics-and-train-on-the-slopes-of-shopping-malls/ Wed, 12 Jan 2022 02:12:57 +0000 https://htlhb.com/the-impressive-story-of-donovan-carrillo-the-mexican-who-will-take-part-in-the-winter-olympics-and-train-on-the-slopes-of-shopping-malls/ Carrillo will be training at the Beijing Olympics. Photo: Reformagentur / Reformagentur In Mexico City No snow has fallen in 55 years, but that doesn’t change the fact that there are athletes who are phenomena on the ice. And that is the case Donovan Carrillo, a figure skater who will be the only Mexican to […]]]>

Carrillo will be training at the Beijing Olympics.

Photo: Reformagentur / Reformagentur

In Mexico City No snow has fallen in 55 years, but that doesn’t change the fact that there are athletes who are phenomena on the ice. And that is the case Donovan Carrillo, a figure skater who will be the only Mexican to see action for the next few years Olympic Winter Games 2022 held in Beijing, China.

The presence of cheek will be iconic at the Olympics not just because it’s Mexican, but because was the only one of the athletes who represented Mexico at the Olympic event to self-prepare in the North American country; What is more impressive, however, is that due to the lack of infrastructure in the country, he trains on the ice rinks in the shopping centers.

In an interview with Medio Tiempo, Carrillo made it clear that he is proud to belong to the label “Made in Mexico” and that he will try to enrich the Latin American culture and the country in his presentations.

I love my country, its customs, traditions and music and I like to be a missionary in figure skating.. I try to improve being Mexican in my exhibitions throughout my career. I feel close to people, I grew up here my athletic training took place in Mexico and I feel that I have the stamp “made in Mexico”‘”He said.

His words coincide with his performances on the Beijing ice rink, as songs by Elvis Crespo, Carlos Santana and Carlos Rivera.

“For these Olympic Games we have a remix by Carlos Santana in the short program and in the free program we have a mixture of different songs like ‘Perhaps, Maybe, Maybe’ by Carlos Rivera and we close with ‘Bailar’ by Elvis Crespo”, he revealed .

Although he was in the competition for several years, it didn’t last until in 2016, which hit Mexico’s sports radar as it went viral with a performance on the theme of Hasta Que Te Conoí by Juan Gabriel. skated.

Carrillo believes that experience is fundamental to any athlete, and that’s why will take this Olympics as an apprenticeship to focus on Milan 2026, because for him a dream comes true to be one of the 30 best skaters in the world.

“What I enjoy most (at the Olympics) is learning. As my first games, they will serve as a reference for my training for the next Olympic cycle in 2026. I have to prepare even better for the next four years and achieve an even better result. I hope (…) to reach my athletic level and make history for Mexico, ”said the athlete.

The one who was born in Jalisco but currently lives in León becomes the sixth athlete to compete for Mexico at the Winter Olympics after Sarah Schleper, Rodolfo Dickson, Robert Franco, Germán Madrazo and Hubertus von Hohenlohe, the latter compete in six games.

Carrillo, 22, qualified for the Beijing 2022 Olympics by finishing 20th in the World Seniors Championships 2021 in Stockholm, Swedenand will represent Mexico in figure skating from February 4, 2022.

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Virus passes encourage vaccinations https://htlhb.com/virus-passes-encourage-vaccinations/ Mon, 10 Jan 2022 10:23:17 +0000 https://htlhb.com/virus-passes-encourage-vaccinations/ It’s shot after shot in Canada after Quebec’s first-dose vaccination dates quadrupled when the Canadian province asked for vaccination passes to buy alcohol and marijuana. Quebec announced the new rules Thursday when there were an average of 1,500 appointments for the first dose, the Montreal Gazette reported. According to Quebec Health Minister Christian Dube, there […]]]>

It’s shot after shot in Canada after Quebec’s first-dose vaccination dates quadrupled when the Canadian province asked for vaccination passes to buy alcohol and marijuana.

Quebec announced the new rules Thursday when there were an average of 1,500 appointments for the first dose, the Montreal Gazette reported. According to Quebec Health Minister Christian Dube, there were 6,000 first dose appointments on Friday.

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The new rules require a Covid-19 vaccination to enter the state-run locations of the Societe des alcools du Quebec (SAQ) and the Societe quebecoise du Cannabis (SQDC) from January 18. More than 78% of the people in Quebec are noisy. fully vaccinated data from the Canadian government. That’s a higher percentage than any US state.

In Mexico, US company Moderna donated 2.7 million doses of the coronavirus vaccine on Saturday when the official death toll in that country exceeded 300,000.

Mexico passed 300,000 test-confirmed coronavirus deaths this week, but so little testing is done in the country that a state review of death certificates puts the actual number at nearly 460,000. Mexican officials hailed the shipment at the airport in Toluca, west of Mexico City, and said the vaccines would be used to vaccinate teachers.

Teachers in Mexico ranked second, after only health care workers who were vaccinated in the spring.

Over 2.7 million teachers received initial admissions in April and May. But most of them received the Chinese single-dose cansino vaccine, the effectiveness of which seems to decrease over time. Mexico has now received over 200 million vaccine doses and is trying to reopen personal learning at all levels.

In other Covid-19 developments in the world, the Australian state of New South Wales reported 16 deaths over the weekend on its deadliest day of the pandemic, although rules were relaxed to allow some key workers to return to work in isolation if they are asymptomatic.

Just over 30,000 new cases have been reported in Australia’s most populous state, forcing these people to join more than 200,000 others in isolation.

Statistics are not kept to determine how many of these are key workers in the food and manufacturing sectors. However, some employers say that up to half of their workers have been given leave after coming into contact with a positive case.

Shoppers have reported empty shelves in many supermarkets due to the impact of the Omicron outbreak on food processing and supply chains.

The rule change applies in agriculture to biosecurity and food safety personnel who take on critical tasks; in manufacturing through to the manufacture of food, beverages, groceries, cleaning and hygiene products; and in transport through to food logistics and delivery.

In China, less than four weeks before the Winter Olympics opens in nearby Beijing, the great port of Tianjin could face the first omicrones of any size outbreak in that country.

The city began mass testing its 14 million residents on Sunday after a group of 20 children and adults tested positive for Covid-19, including at least two with the Omicron variant. Officials said the virus was floating around so the number of cases could increase.

China has tightened its strict zero tolerance strategy in the run-up to the Olympic Games, which will open on February 4th. The Chinese capital is 70 miles northwest of Tianjin and many people regularly travel back and forth by car or high-speed train link that takes less than an hour.

Elsewhere, millions of people are locked in their homes in Xi’an and Yuzhou, two distant cities with major outbreaks. Both were traced back to the delta variant. The outbreak in Yuzhou also affects Zhengzhou, the provincial capital of Henan 65 kilometers north. Zhengzhou has conducted mass testing and is closing schools as of today.

The first two confirmed cases in Tianjin were a 10-year-old girl and a 29-year-old woman who worked in the after-school care center. Both were infected with the Omicron variant. In subsequent tests of close contacts, 18 more tested positive and 767 negative by Saturday evening.

Finally, India recorded 160,000 known cases on Sunday when the country’s electoral commission banned public election rallies for a week as coronavirus cases fueled by the omicron variant soared across much of the country. But local elections in five states with a population of around 250 million would run as planned from February, the commission said.

Sushil Chandra, India’s chief election commissioner, said the moratorium on rallies would be reviewed on Saturday based on pandemic trends.

New Delhi remained locked over the weekend as security forces imposed a strict curfew. Several other states and cities across India are also enforcing night curfews and movement restrictions. In Chennai, capital of Tamil Nadu, officials imposed restrictions on movement on Sunday. But it caused a crowded rush in the malls on Saturday as people tried to shop at the last minute before a local Thanksgiving Day.

Information on this article was contributed by Joseph Wilkinson of the New York Daily News; by Mujib Mashal of the New York Times; and from The Associated Press.


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2000 to 2009: From 9/11 to Interstate 99 | City & dress https://htlhb.com/2000-to-2009-from-9-11-to-interstate-99-city-dress/ Sat, 08 Jan 2022 14:06:52 +0000 https://htlhb.com/2000-to-2009-from-9-11-to-interstate-99-city-dress/ The new millennium had barely begun when the terrorist attacks of September 11, 2001 struck the country – and the State College. The county emergency services went on high alert, flights suspended, people queued to donate blood, and this week’s Penn State football game against Virginia has been postponed. The beginning of the decade saw […]]]>

The new millennium had barely begun when the terrorist attacks of September 11, 2001 struck the country – and the State College. The county emergency services went on high alert, flights suspended, people queued to donate blood, and this week’s Penn State football game against Virginia has been postponed.

The beginning of the decade saw a sharp shift in Center County’s employment base from manufacturing to services. C-COR.net Corp. laid off half of its 520 local employees in 2001, and MuRata Electronics North America also cut its State College staff. Corning Asahi laid off its last 1,000 employees here in 2003 and closed the site.

Times got a little tougher in late 2007 when the worst US economic downturn since the Great Depression hit Center County. Although the university continued to provide a solid economic base, recent Penn State graduates faced a tough job market and former manufacturing workers still struggled. At the same time, the Marcellus shale gas boom spread to north Center County, leading to bitter clashes between those who wanted the economic benefits of hydraulic fracturing – “fracking” – and those who wanted the effects on it The environment.

In 2000, Penn State announced plans to develop the West Campus. Six years later, the massive Westgate Building spanned North Atherton Street, connecting the two campuses and providing a home for the booming College of Information Sciences and Technology. In 2001, a $ 93 million upgrade made Beaver Stadium the second largest stadium on the nation’s campus, with a capacity of 107,501. In 2003, the university agreed to sell the Circleville Farm to developers, much to the horror of the locals who loved to hike there.

Retail options were expanded when Target was completed in 2000 to anchor The Colonnade; Best Buy opened in 2001 and Wegmans in 2002. The popularity of the surrounding malls led to the closure of 88-year-old OW Houts in 2008, which had sold everything from furniture to pickles in a maze of buildings at College and Buckhout.

The new State College Municipal Building opened in 2001, the new Schlow Library in 2006, and the renovated State Theater later that year, along with the first State College Spikes season. In the healthcare sector, Center Volunteers in Medicine began their services in 2003, followed by the Bob Perks Cancer Assistance Fund in 2006 and Geisinger Gray’s Woods in 2007. In February, the Lady Lions hosted the first Think Pink game to raise funds for breast cancer research . In 2008, most local workplaces, bars and restaurants became smoke-free under a new state law.

The long-awaited construction of Interstate 99 from Bald Eagle to State College has been plagued by controversy, first with a battle between the valley and the ridgetop (ridgentop won) and then by the excavation of acid pyrite rock. After $ 83 million in renovation work, the freeway finally opened in 2008.

Center County’s population continued to grow, reaching nearly 154,000 by the end of the decade – nearly double the population in 1960. In large part due to the influx of Penn State students from other parts of the country and around the world, the population was the Counties The diversity is becoming ever more diverse: 5.2 percent of the population are Asians, 3 percent of the residents are black and 2.4 percent are Hispanic or Latino. Although 89.4 percent were white, that was a far cry from the 99 percent white in 1960. Diversification continues to this day.


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Kite Realty Group Trust Updates for Fourth Quarter https://htlhb.com/kite-realty-group-trust-updates-for-fourth-quarter/ Thu, 06 Jan 2022 21:15:00 +0000 https://htlhb.com/kite-realty-group-trust-updates-for-fourth-quarter/ INDIANAPOLIS, Jan. 6, 2022 (GLOBE NEWSWIRE) – Kite Realty Group Trust (NYSE: KRG) announced today that it has reported financial results for the quarter ended December 31, 2021 after closing on Monday, February 14th, 2021 will publish. KRG will host a conference call the following day, February 15, at 11:00 am Eastern Time to discuss […]]]>

INDIANAPOLIS, Jan. 6, 2022 (GLOBE NEWSWIRE) – Kite Realty Group Trust (NYSE: KRG) announced today that it has reported financial results for the quarter ended December 31, 2021 after closing on Monday, February 14th, 2021 will publish. KRG will host a conference call the following day, February 15, at 11:00 am Eastern Time to discuss its financial results.

The dial-in numbers are (844) 309-0605 for domestic callers and (574) 990-9933 for international callers (Conference ID: 3958479). A live webcast of the conference call will be available at kiterealty.com. In addition, a webcast replay of the call will remain available on the company website.

About Kite Realty Group Trust
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) based in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping malls and mixed-use assets. The company’s portfolio, which is primarily anchored in the food sector, is located in high-growth, warmer and cheaper markets, as well as in selected strategic gateway markets. The combination of demand-oriented neighborhood and community centers anchored in the grocery store as well as lively mixed-use properties make the KRG portfolio an ideal mix for retailers and consumers. KRG has been listed on the stock exchange since 2004 and has almost 60 years of experience in the development, construction and operation of real estate. Using operational, investment, development and restructuring expertise, KRG continuously optimizes its portfolio to maximize value and return for shareholders. As of September 30, 2021, proforma for the merger, the company owned interests in 185 U.S. open-air malls and mixed-use assets with gross lettable space in excess of 30 million square feet. For more information, please visit kiterealty.com.

Connect with KRG: LinkedIn | Twitter | Instagram | Facebook

Safe haven

This press release, together with other statements and information we have publicly released, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. Such statements are based on beliefs and expectations that may not materialize and are inherently subject to risks, uncertainties and other factors, many of which cannot be accurately predicted and some of which may not even be foreseen. Future events and actual results, performance, transactions or achievements, financial or otherwise, could differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied in the forward-looking statements.

Currently, one of the most important factors that could cause actual results to differ materially from our forward-looking statements is the potential negative impact of the current novel coronavirus or COVID-19 pandemic, including possible flare-ups and mutations, on our financial condition, results of operations , Cash flow and performance of the company and its tenants, the real estate market as well as the global economy and financial markets. The effects of COVID-19 have resulted in and may continue to cause many of our tenants to close stores, reduce opening hours or significantly curtail service, making it difficult for them to meet their rental obligations and therefore has and will continue to have a significant impact on the foreseeable future Future. COVID-19 has hit us significantly, and the extent to which it will continue to affect us and our tenants will depend on future developments, including the extent, severity and duration, which are highly uncertain and cannot be predicted with confidence the pandemic. the continued pace of vaccine distribution, the effectiveness of vaccines, including against variants of COVID-19, the acceptance and availability of vaccines, the measures taken to contain or mitigate the effects of the pandemic, the direct and indirect economic effects of the pandemic and among others Containment measures. In addition, investors are cautioned that many of the items listed in the “Risk Factors” section of our Annual Report on Form 10-K for the 31st impact of the COVID-19 pandemic.

Additional risks, uncertainties, and other factors that could cause such differences, some of which could be material, include, but are not limited to: the risks associated with the merger with RPAI, including the integration of the combined company’s operations, the ability , achieve anticipated synergies or cost savings and potential disruptions to the plans and operations of the company; national and local economic, business, real estate and other market conditions, particularly in connection with low or negative growth in the US economy and economic uncertainty; Funding risks, including the availability of and related costs of sources of liquidity; the company’s ability to refinance the company’s debt or to extend due dates; The level and volatility of interest rates; tenants ‘financial stability, including their ability to pay rent or apply for rental discounts, and the risk of tenants’ bankruptcy and bankruptcy; the competitive landscape in which the company operates, including possible oversupply and reduced demand for rental space; Acquisition, divestment, development and joint venture risks; Ownership and management risks, including the relative illiquidity of real estate investments, periodic costs of repair, renovation and re-letting of space, operating costs and expenses, vacancy or the inability to rent space on favorable terms or at all; the Company’s ability to maintain the Company’s real estate investment trust status for US federal income tax purposes; potential environmental and other obligations; Depreciation of real estate owned by the company; the attractiveness of our properties to tenants, the actual and perceived impact of e-commerce on the value of malls’ assets, and changing demographics and customer traffic patterns; Risks associated with our current geographic concentration of the Company’s properties in Texas, Florida, New York, Maryland, Virginia and North Carolina; Civil unrest, acts of terrorism or war, force majeure, climate change, epidemics, pandemics (including COVID-19), natural disasters and severe weather conditions such as hurricanes, tropical storms, tornadoes, earthquakes, droughts, floods and fires, including those events or conditions that lead to may result in under-insured or uninsured losses or other increased costs and expenses; Changes in laws and government regulations, including government orders, that affect the use of Company properties or the operability of its tenants, and the cost of complying with such changed laws and government regulations; possible short- or long-term changes in consumer behavior due to COVID-19 and the fear of future pandemics; Insurance costs and coverage; Risks related to cybersecurity attacks and the loss of confidential information and other business interruptions; other factors affecting the real estate industry in general; and other risks identified in reports the company fils with the Securities and Exchange Commission (“the SEC”) or other documents it publicly circulates, including but not limited to the “Risk Factors” section of the company’s annual report on Form 10 -K for the fiscal year ended December 31, 2020 and in the company’s quarterly reports on Form 10-Q. The company assumes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or for any other reason.

Contact information: Kite Realty Group Trust

Jason Colton
SVP, Capital Market & Investor Relations
317.713.2762
jcolton@kiterealty.com


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Westland Mall in Hialeah is trading for $ 149 million https://htlhb.com/westland-mall-in-hialeah-is-trading-for-149-million/ Tue, 04 Jan 2022 22:30:00 +0000 https://htlhb.com/westland-mall-in-hialeah-is-trading-for-149-million/ From left: Steven Levin of Centennial and Barry Sternlicht of Starwood Capital Group (Centennial, Starwood Capital Group, LoopNet) Barry Sternlicht’s Starwood Capital Group sold the Westland Mall in Hialeah to a Dallas-based retail real estate company. Centennial scooped the mall at 1675 West 49th Street by taking on Starwood’s $ 149.4 million mortgage on the […]]]>

From left: Steven Levin of Centennial and Barry Sternlicht of Starwood Capital Group (Centennial, Starwood Capital Group, LoopNet)

Barry Sternlicht’s Starwood Capital Group sold the Westland Mall in Hialeah to a Dallas-based retail real estate company.

Centennial scooped the mall at 1675 West 49th Street by taking on Starwood’s $ 149.4 million mortgage on the property, records show.

Starwood originally took out a $ 160 million loan for the mall in 2017. The current outstanding balance is $ 149.4 million with the German Aareal Bank acting as the lender. Simultaneously with the reallocation of Starwood’s mortgage to Centennial, the two also signed a deed on the property for $ 0, records indicate.

The deal doesn’t cover the entire mall as buildings for a Macy’s, JCPenny, and a closed Sears aren’t part of the sale.

Tenants of the Westland Mall property that have been traded include Bath & Body Works, Pandora, G by Guess, Victoria’s Secret, H&M, Tous and Express Factory Outlet, according to the mall’s website.

The 301,593-square-foot mall, most of which were developed in 1970, is on the northeast corner of Palmetto Expressway and West 49th Street, property records show.

Founded in 1997, directed by Steven Levin, Centennial owns malls and malls across the United States, including Port Charlotte Town Center in Florida, according to its website.

Starwood, headquartered in Miami Beach, is a private investment company founded in 1991 with several subsidiaries and affiliates, including the publicly traded real estate investment firm Starwood Property Trust.

The deal comes at a dubious time for the South Florida retail market.

Although landlords began increasing rents in the third quarter of 2021 to levels that exceeded pre-pandemic levels, most of rental activity has been fueled by restaurants and service-minded tenants, according to a Colliers report.

At the same time, other malls in South Florida have shown signs of problems. The $ 95 million mortgage-backed securities loan for the Westfield Broward Shopping Center in Plantation went into special service in August, showing that owner Unibail-Rodamco-Westfield hadn’t made a payment since April, according to Trepp.

In another instance, the lender took control of Southland Mall in Cutler Bay after previous owner Investcorp defaulted on its $ 65 million CMBS loan in 2020, according to Trepp. Wells Fargo, who represents CMBS investors, won its trial to acquire the mall through a $ 2,600 loan offer or offer for the amount of the debt.

In West Palm Beach, CMBS investor trustees at the Cross County Plaza Mall in April sued for foreclosure on the property after the loan special manager alleged the owner was in arrears with payments. Mall owner Cross County Owner LLC, led by Bernardo Kohn and Paul Pollak, countered in court that there was never any default and that the special administrator had a conflict of interest for failing to disclose that he was both the special administrator and the principal administrator of the loan.

The Westland Mall in Hialeah is not certified in CMBS, according to Trepp.


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A national developer is betting on a retail recovery https://htlhb.com/a-national-developer-is-betting-on-a-retail-recovery/ Sun, 02 Jan 2022 17:39:31 +0000 https://htlhb.com/a-national-developer-is-betting-on-a-retail-recovery/ An avalanche of retail closings and bankruptcies sparked by the coronavirus pandemic and the growing popularity of online shopping left tens of thousands of stores empty in the United States. But at least one market observer, Coresight Research, recently forecast for the first time in five years the 5,083 store openings retailers announced in 2021 […]]]>

An avalanche of retail closings and bankruptcies sparked by the coronavirus pandemic and the growing popularity of online shopping left tens of thousands of stores empty in the United States. But at least one market observer, Coresight Research, recently forecast for the first time in five years the 5,083 store openings retailers announced in 2021 could have exceeded the 5,079 store closures announced for that year, the lowest number of closings in half a decade.

Nobody claims that retail is still a healthy sector. But the patient is showing signs of recovery: In its outlook for the third quarter of 2021, JLL noted that retail sales are increasing and pedestrian frequency in shopping centers was around 25 percent above the 2020 level (admittedly a lower bar). More importantly, JLL also noted that by the first half of 2021, 41,000 leases for CHF 121 million had been signed. “For the first time since 2017, retailers will open more stores than close.”

SimonCRE, a national commercial property acquisition and development company, is hoping the retail sector will regain momentum. Recent developments include Village at Prasada, which the company claims will be the first major energy hub in the western United States in over a decade.

Phase 1 of this project, construction of which began last month, includes more than 330,000 s of retail space. The 250,000-sf

Construction phase 2 is scheduled to begin this year. The cost of developing Village at Prasada is estimated at $ 500 million, according to SimonCRE.

By last month, Village of Prasada had commitments for more than 90 percent of its planned space and had leases with retailers such as TJ Maxx, Costco, HomeGoods, Marshalls, Ulta and PetSmart. The energy center will also include a 61,000-square-foot bowling and movie entertainment concept called Fat Cats, as well as a restaurant suite that includes the local nano-brewery OHSO and the renowned Mexican restaurant Barrio Queen. (Western Retail Advisors is the leasing agent for this project.)

Ninety percent of the area of ​​the power center has already been taken.

PART OF A MASTER PLAN FOR AN ASCENDING SUBURB

The energy center is located on 100 acres in Surprise, Arizona, one of the fastest growing suburbs on Metro Phoenix. Village at Prasada is part of a 3,355 square meter master plan community by RED Development that will bring medical services, offices, hospitality, 14,000 single-family homes and 360 multi-family homes to this market. The power plant’s immediate trading area is expected to have 220,029 residents by 2025, 10 percent more than the estimated population in 2020.

The outdoor mall will include dining and entertainment options.
The outdoor mall will include multiple dining, beverage and entertainment options.

SimonCRE’s participation in the master plan, which includes the development of two 3- and 4-story apartment buildings, which will break the ground in late 2022 and early 2023, “was born out of the desire not only to address unsatisfied demand for retail properties Phoenix’s West Valley, but rather being a trendsetter by building something bold and new, ”said Joshua Simon, CEO and founder of SimonCRE, in a prepared statement.

In an email to BD + C, the company stated that it could see a “strong enough” need for this type of outdoor mall, which was confirmed by a survey of 5,100 residents who specifically asked several of the tenants who would rent space in the Village of Prasada .

The construction team on this project includes Suite 6 Architecture + Planning and Upward Architects (Renderings), RKAA Architects, Upward Architects, ADA Architects Inc., HDJ Architects and Architectural Design Guild (Architects), Olsson Engineers, Cypress Civil Engineers, Bowman Consulting (Engineers ) and Haydon and Stout Building Contractors (GCs).

SimonCRE is expected to complete approximately 600,000 sf of retail space in the greater Phoenix area over the next two years and has more than 1.2 million sf of retail space under development nationwide.


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A business like no other | News, sports, jobs https://htlhb.com/a-business-like-no-other-news-sports-jobs/ Sat, 01 Jan 2022 05:49:13 +0000 https://htlhb.com/a-business-like-no-other-news-sports-jobs/ REVIEW – This postcard view of Market Street looking east on the tram where visible shop signs include The Hub, SS Kresge Building, Richman’s and Union Bank. – Contributed (EDITOR’S NOTE: As part of the Academy of Lifelong Learning’s Fall Courses for Area Seniors, Alan Hall, retired director of the Steubenville and Jefferson Counties Public […]]]>

REVIEW – This postcard view of Market Street looking east on the tram where visible shop signs include The Hub, SS Kresge Building, Richman’s and Union Bank. – Contributed

(EDITOR’S NOTE: As part of the Academy of Lifelong Learning’s Fall Courses for Area Seniors, Alan Hall, retired director of the Steubenville and Jefferson Counties Public Library, held a class on a popular and patronized business that is now fondly remembered that was an important part of downtown Steubenville – The Hub. For many current and former residents of the area, shopping at the Hub has been a special experience during vacation or any time of the year. In today’s Valley Life, Hall shares some of the hub highlights from its Class.)

If you are over 45 years of age, remember the customer shopping that took place in the “on-site department store”. In the Steubenville area, The Hub would include the department store.

The later half of the 19th century saw the development of local department stores in American cities, usually named after the person or family who took over a business and expanded with other smaller stores or departments to create a shopping event.

In Steubenville, this local department store had its roots on April 9, 1904 on the corner of Fifth Street and Market Street, where the Towers now stand, when two brothers named Simon J. Anathan and Mone Anathan borrowed money from Philadelphia merchants to buy the Anathan Brothers Establishing Inc. better known as simply The Hub.

They stocked the store with men’s clothing and men’s outfits and offered their wares to Steubenville. Two years later, two younger brothers, Eugene and Louis, joined them in their new business. At that time, the Anathans lived like other traders in the city center on the upper floors of the building.

The hub was so successful that in 1909 they moved the store to the opposite northwest corner to a three-story commercial building, where the four brothers and two other employees did business. By 1916, the brothers bought the Johnson Block building next door and expanded their inventory by opening additional departments. The shop was open five days a week from 8 a.m. to 6 p.m. and on Saturdays until 11 p.m. – at that time it was customary to entertain farmers.

Her brother-in-law, Martin Bayersdorfer, entered the business in 1918, but plans to renovate and expand the building were delayed with the First World War.

The two youngest brothers died in the 1920s, but the next generation of Anathan family members were added to the team in the 1930s. With the demand, new departments were added; other departments disappeared over time. A multi-storey warehouse was built in the stern. City bus routes stopped just outside the store, and customers from all over east Ohio came to The Hub for a shopping mecca. The 1930s and Depression were tough for The Hub, and they had to expand services to make the business attractive to buyers with minimal funds. In 1938, a credit department was set up to assist customers with shopping at The Hub.

After World War II, America’s department stores were booming, and The Hub had moved into the next generation of Anathan family members. In the late 1940s, the business was greatly improved and in 1954 the entire building was air-conditioned. In the 1950s, the entire store was renovated, including the changing rooms and lounges, the beauty salon, the bridal shop, the maternity shop, the small shop for children, the hat making, and the men’s and women’s shoe department.

In 1960, a new entrance on Fifth Street joined the main entrance on Market Street as more and more customers arrived by car. The Tea Room restaurant on the mezzanine floor has been rebuilt and renovated several times.

The hub offered gift wrapping, bride registrations, changes for men and women, gift certificates, fee accounts, customer deliveries, and check services. Special sales became increasingly popular, such as B. White sales for sheets, towels, bedclothes, etc., the May sales, Old Fashioned Days, Anniversary Sales, and Women’s Day Sales. Free babysitting, free lemonade, rain dates, lint pads, perfume samples, litter boxes, measuring tapes and straw hats were just some of the services and freebies offered by The Hub.

In the 1960s, The Hub had 325 employees and was open 9 am to 5 pm, 6 days a week, until 9 pm on Mondays and Thursdays with extended hours between Thanksgiving and Christmas. But it was never open on Sunday.

The store had expanded so much that it closed in 1955 “The center of Steubenville Inc.” as a way to manage big business.

But times were changing, and with the advent of larger local stores that were open seven days a week, The Hub’s business model had to change. Unlike West Virginia and Pennsylvania, Ohio didn’t have one “Blue laws” prevents shops from opening on Sundays. The concept of shopping centers and malls with ample free parking had an impact on The Hub.

In 1968, The Hub of Steubenville Inc. and LS Good & Co. of Wheeling merged with effect from 1969 with shop renovations and expanded parking facilities. In 1970, LS Good & Co., the new company, acquired the Gable department store in Altoona, four department stores in Michigan and the Bonham department stores in Marietta and Cambridge to expand its customer base and to buy in bulk. The move seemed to work for a while, but competition from stores with longer hours and less overhead hurt it “Local department store” Operations in America.

In 1978 the name of The Hub in the Steubenville store was changed to “LS Gut & Co.” although local customers have generally not followed the renaming.

The Steubenville business had half the workforce at its height in the 1960s, and on May 27, 1980, LS Good & Co. filed corporate reorganization and bankruptcy petitions under Chapter 11 of the Federal Bankruptcy Act.

The William F. Gable store in Altoona would be closed immediately to stem the tide of financial bleeding from the company.

In barely two months, the reality emerged that LS Good & Co. was in dire financial straits and was demanding that all stores be closed and liquidated except the one in downtown Wheeling and the Ohio Valley Mall in St. Clairsville .

In late July 1980, testimonies showed that the downturn had started in 1976 and by 1980 huge debts had been amassed to various banks, credit departments and leasing companies.

The Steubenville store closed at 5:00 p.m. on Saturday, September 27, 1980, ending 76 years of operation.

In the past few days, almost everything in the building that was not owned by a leasing company has been sold for the debt, and the building and land have been sold more than once to potential businesses. Eventually the complex was demolished in 1993.

The Hub’s proud staff members had meetings for several years after the closure, and the Steubenville and Jefferson Counties Public Library was the proud recipient of scrapbooks created by longtime associate Gladys Edwards Davison (1904-2007) who worked for The Hub worked, led for 48 years. These scrapbooks were revised and the library’s local history department researched and added information to them. They are digitized and accessible to everyone online.

The same story can be told across America, where memories of shopping at the local department store abound, especially vacation stories in many “Toy land” in these stores.

The last locally owned department store in the United States appears to be going to the Freedlanders department store in Wooster. David Freedlander opened his shop in 1884 and was run by Herman and Herald, his descendants, until 1999. Stanley Gault, the Wooster native, owner of Rubbermaid and Goodyear, had wonderful memories of the store and bought it as it felt like a great local department store could do well. In 2008, he said the store would no longer operate, would close after the Christmas season and then demolish.

Like so many of these local department stores, the building was repeatedly renovated and expanded and was no longer active.

As many of you know, I’m from Marietta and have fond memories of going to Bonhams Department Store with my grandmother, another shop that was taken over by LS Good & Co. My grandmother Maggie still called it Turner-Ebinger’s first name, and I remember taking her hand and taking the elevator as a little kid. She would roam the store looking for the right item, stopping at the mezzanine restaurant for a treat, or enjoying the shop displays for all the wonderful things to buy.

I don’t think looking at a computer screen and picking up something on your porch will replace that time with Grandma.

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Not much noise about the Green Pass in shopping malls https://htlhb.com/not-much-noise-about-the-green-pass-in-shopping-malls/ Tue, 28 Dec 2021 16:37:03 +0000 https://htlhb.com/not-much-noise-about-the-green-pass-in-shopping-malls/ YERUSHALAYIM – Tuesday, December 28, 2021 at 11:37 am | כ”ד טבת תשפ”ב The Azrieli Center in Tel Aviv. (Harari Isaac / Flash90 / file) Despite much fuss in the media about Green Pass restrictions in shopping malls, not much is being done in many places across the country to keep the unvaccinated out, Ynet […]]]>
YERUSHALAYIM

The Azrieli Center in Tel Aviv. (Harari Isaac / Flash90 / file)

Despite much fuss in the media about Green Pass restrictions in shopping malls, not much is being done in many places across the country to keep the unvaccinated out, Ynet reported Tuesday.

The Green Pass extension to shopping malls officially went into effect earlier this week, but enforcement has so far been lax to nonexistent, according to a survey by the network of stores across the country, from Tel Aviv to Be’er Sheva.

In Tel Aviv’s famous Azrieli Mall, none of the big stores had a clerk at the entrance to check on customers.

Compliance was patchy at Rishon LeTzion’s Golden Mall.

“We and a few other stores stick to the Green Pass,” says the manager of the Renuar clothing store in the city’s largest shopping center.

“However, some customers still prefer business that does not adhere to the mandate.

I am customer friendly and follow the guidelines. We want to get through the pandemic … I also know that there are heavy fines for businesses caught breaking the restrictions, “she added.

Be’er Sheva’s Grand Canyon Mall looked like an ordinary day before the pandemic.

The branch of the Hamashbir Latzarchan mall and the H&M clothing store honored the Green Pass mandate, but the owners paid a price as some customers appeared to be shopping elsewhere to avoid being screened.

“[The Green Pass] only serves to ultimately hurt us, ”said one of the H&M employees.

At Yerushalayim’s popular Azrieli Malcha Mall, the story was similar, with some shops sticking to the rules and some not. And where the rules were enforced, there were complaints.

“Those lines at the entrance to the shops are terrible. I think twice about whether or not to come to the mall, ”said one of the visitors to the mall, who is a frequent customer.


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EC3 unveils “Crystal Barn” as part of the Idaho Net Zero Orchard Park campus https://htlhb.com/ec3-unveils-crystal-barn-as-part-of-the-idaho-net-zero-orchard-park-campus/ Sun, 26 Dec 2021 20:39:29 +0000 https://htlhb.com/ec3-unveils-crystal-barn-as-part-of-the-idaho-net-zero-orchard-park-campus/ Reinventing shopping malls for the post-pandemic world Los Angeles-based architecture firm EC3 and Boise real estate company High Desert Development (HDD) unveil the Crystal barn as one of their first anchor buildings Orchard, 81 acre mixed-use business park under construction fifteen minutes from downtown Boise. when completed, orchard park will become idaho’s most integrated contemporary […]]]>

Reinventing shopping malls for the post-pandemic world

Los Angeles-based architecture firm EC3 and Boise real estate company High Desert Development (HDD) unveil the Crystal barn as one of their first anchor buildings Orchard, 81 acre mixed-use business park under construction fifteen minutes from downtown Boise. when completed, orchard park will become idaho’s most integrated contemporary built environment for a post-pandemic world.

From the beginning of 2021, EC3 and a multidisciplinary team of architects and engineers will be working with High Desert Development to redesign the conventional shopping center as a creative net-zero campus, on which the synergy between the architectural design and the curation of the tenants will create a region-specific destination. and visitor experience.

Images © EC3

the crystal barn for the orchard

with the overalls Master plan orchard, EC3 (more on this here) and High Desert Development (more on this here) present a tailor-made, walk-in and off-grid community that offers a mix of workplace, retail, hospitality, cultural and civic programs with over five hectares of open parking space.

Crystal Barn, the first structure designed by EC3 to be built will be a version of the Crystal Palace from the 21st. The 65,000-square-foot building is designed as two 350-foot-long parallel structures offset with interior retail space designated as site-specific installations. Under the pitched roofs of the spacious flexspaces there are exceptional, regionally based companies that offer relaxation and hospitality experiences. The immersive, “art hall-like” space will house a “wave surf pool” and an “experimental gastro hall” along with other amenities and attractions.

EC3 Crystal Barn Idaho

EC3 founder and design architect Edwin Chan comments on the crystal barn and the entire campus of the orchard park:In the post-pandemic Amazon-led world, our customer has realized that it is time to reinvent the shopping mall business model. IRather than thinking about the business of shopping in terms of maximizing square footage for point of sale, we’re creating a memorable space to encourage social encounters and share experiences for the consumer.. ‘

In addition to a variety of activities and experiences curated by HDD, we also envision that cultural institutions, art fairs, digital content producers and other creative companies could use the crystal barn for shows, sound stages, productions and other temporary uses.

EC3 Crystal Barn Idaho EC3 unveils EC3 unveils


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