Shopping mall

United Kingdom Elevators and Escalators Market, Competition, Forecast & Opportunities, 2026 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 28, 2021

The United Kingdom Elevators and Escalators Market stood at USD 3168.47 million in 2020 and is forecast to grow at a CAGR of over 6.14% until 2026.

Key Points: 
  • The United Kingdom Elevators and Escalators Market stood at USD 3168.47 million in 2020 and is forecast to grow at a CAGR of over 6.14% until 2026.
  • Growth in the United Kingdom Elevators and Escalators Market is driven by their widespread usage in residential, commercial, and industrial areas, including shopping malls, railway and metro stations, hotels, airports, public buildings, high-rise apartments, etc.
  • The market has been primarily swayed by rapid urbanization, substantial evolution of architecture and increased government initiatives for construction sector.
  • The high demand for escalators is backed by the increase in the demand for better traffic management spaces and updated government standards for smart infrastructure.

Whitestone REIT Re-Activates Growth Plan, Acquires Lakeside Market Shopping Center in Preston Road Area of Plano, Texas

Retrieved on: 
Thursday, July 8, 2021

The property currently is 80.5% occupied and faces traffic volume of 53,822 vehicles per day on Preston Road.

Key Points: 
  • The property currently is 80.5% occupied and faces traffic volume of 53,822 vehicles per day on Preston Road.
  • Lakeside Market is approved to add additional leasable square footage, which creates operational efficiencies for the Companys existing Dallas regional management team.
  • Lakeside Market is Whitestone REITs ninth property acquisition in its Dallas-Ft. Worth market, bringing its total leasable area in the region to approximately 831,000 square feet.
  • Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt.

Life Time Athletic Resort Experience Opens at Northshore Mall in MA

Retrieved on: 
Friday, July 2, 2021

BOSTON, July 2, 2021 /PRNewswire/ --As shopping centers continue their evolution to meet the changing lifestyle needs of consumers, Life Time , the nation's premier healthy lifestyle brand, is bringing its luxury athletic resort experience as a new major tenant to Northshore Mall , a Simon property, located in Peabody, Mass.

Key Points: 
  • BOSTON, July 2, 2021 /PRNewswire/ --As shopping centers continue their evolution to meet the changing lifestyle needs of consumers, Life Time , the nation's premier healthy lifestyle brand, is bringing its luxury athletic resort experience as a new major tenant to Northshore Mall , a Simon property, located in Peabody, Mass.
  • The new mall-based Life Time, built in collaboration with Simon, will draw thousands daily to Northshore Mall.
  • The new mall-based location is the fourth resort-like destination Life Time has built in collaboration with Simon (and tenth overall with retail shopping center owners across the U.S.).
  • "The addition of our Life Time experience, combined with all that Simon offers at Northshore Mall, is game changing for members, residents and the broader community."

First Cannabis Shop Opens in Major Regional Power Center

Retrieved on: 
Tuesday, June 29, 2021

Grupo Flor one of Californias early vertically-integrated cannabis companies with roots along Californias Central coast continues its retail expansion with the opening of the first cannabis retail shop in the United States located within a major regional power center.

Key Points: 
  • Grupo Flor one of Californias early vertically-integrated cannabis companies with roots along Californias Central coast continues its retail expansion with the opening of the first cannabis retail shop in the United States located within a major regional power center.
  • A regional power center is understood as a large outdoor shopping center with three or more Big Box retail stores.
  • (Photo: Remedy Productions)
    The FLOR branded cannabis shop will be Grupo Flors 5th store in California and its second shop opened this year.
  • FLOR will occupy a recently vacated cell-phone retail shop in the Union Landing shopping center.

Institutional Property Advisors Closes $90 Million Grocery-Anchored Shopping Center Sale in Pennsylvania

Retrieved on: 
Monday, June 28, 2021

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced the sale of Camp Hill Shopping Center, a 430,198-square-foot shopping center located at 3301 Trindle Road in Camp Hill, Pennsylvania.

Key Points: 
  • Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced the sale of Camp Hill Shopping Center, a 430,198-square-foot shopping center located at 3301 Trindle Road in Camp Hill, Pennsylvania.
  • Camp Hill Shopping Center is one of the many outstanding grocery-anchored shopping centers within the Cedar Realty Trust portfolio, said Brad Nathanson, IPA senior managing director.
  • Camp Hill Shopping Center is arguably the best-located and tenanted shopping center within all of Central Pennsylvania, led by market-share leading Giant Food Markets in their flagship store.
  • Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America.

Cherry Creek Shopping Center Brings the Retail and Parking Experience Together Through ADVAM’s Ticketless Parking Solution

Retrieved on: 
Tuesday, June 8, 2021

Denvers Cherry Creek Shopping Center has selected ADVAM ParkCharge to enable ticketless parking.

Key Points: 
  • Denvers Cherry Creek Shopping Center has selected ADVAM ParkCharge to enable ticketless parking.
  • Cherry Creek Shopping Centers Express Park program, powered by ADVAMs ParkCharge, enables shoppers to create an online parking account that integrates with the on-site parking access control system.
  • It is a great opportunity to be an enabler for Cherry Creek Shopping Centers Express Park program, said Shaun Donaghey, Managing Director, Payments Market US for TNS.
  • Parking is the first and last touchpoint of a physical shopping experience, said Jeramy Burkinshaw, General Manager, Cherry Creek Shopping Center.

Baceline Group’s Core Income Portfolio Grows to 80 Properties

Retrieved on: 
Thursday, June 3, 2021

Baceline Group , a boutique private real estate investment and management company with neighborhood shopping center holdings throughout the United States, has announced that its Core Income Fund has reached a new milestone of 80 properties in the portfolio representing more than $390 million in assets under management.

Key Points: 
  • Baceline Group , a boutique private real estate investment and management company with neighborhood shopping center holdings throughout the United States, has announced that its Core Income Fund has reached a new milestone of 80 properties in the portfolio representing more than $390 million in assets under management.
  • Butler Hill Square is a 32,398-SF neighborhood shopping center in St. Louis near a new medical center, featuring both national and local tenants.
  • Built in 2007, the 23,760-SF retail center features a combination of community-focused businesses, including medical providers, financial and personal services, and restaurants.
  • The energy and effort that everyone at Baceline Group has put forth to help us reach 80 neighborhood shopping center locations in our core income portfolio is a significant milestone and great achievement, said Brian Capstick, Baceline Group president.

SITE Centers to Present at the 2021 Nareit’s REITweek: Virtual Investor Conference

Retrieved on: 
Tuesday, June 1, 2021

SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced that David Lukes, President, and Chief Executive Officer, is scheduled to make a presentation during Nareits REITweek: Virtual Investor Conference on Tuesday, June 8, 2021, at 8:00 a.m. Eastern Time.

Key Points: 
  • SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced that David Lukes, President, and Chief Executive Officer, is scheduled to make a presentation during Nareits REITweek: Virtual Investor Conference on Tuesday, June 8, 2021, at 8:00 a.m. Eastern Time.
  • Investors may access the Companys live presentation or replay by registering for Nareits REITweek .
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.
  • Please click here to be included in the Companys e-mail distributions for press releases and other investor news.

IRSA Inversiones y Representaciones S.A. announces today its results for the third quarter of the Fiscal Year 2021 ended March 31, 2021

Retrieved on: 
Tuesday, May 11, 2021

Adjusted EBITDA of the rental segments was reduced by 62,5% in the period, reaching ARS 3,116 million.\nRegarding the rental portfolio, tenants' sales in shopping malls grew 0.4% in real terms in the third quarter of fiscal year 2021 compared to 2020.

Key Points: 
  • Adjusted EBITDA of the rental segments was reduced by 62,5% in the period, reaching ARS 3,116 million.\nRegarding the rental portfolio, tenants' sales in shopping malls grew 0.4% in real terms in the third quarter of fiscal year 2021 compared to 2020.
  • Excluding the second fortnight of March, which had the shopping centers partially or totally closed in 2020, the variation reverts to a drop of 20.5%.
  • Occupancy in shopping centers reached 89.5%, while A + and A offices reached 81.2%.
  • The hotels have been operating since December 2020 with low occupancy levels.\nSubsequently, the national government ordered, among other restrictive measures related to the COVID-19 pandemic, the closure of shopping malls in the Buenos Aires Metropolitan Area from April 16 to May 21 inclusive.

IRSA Propiedades Comerciales S.A. (NASDAQ: IRCP; ByMA: IRCP), the leading commercial real estate company in Argentina, announces its results for the third quarter of the FY 2021 ended March 31, 2021.

Retrieved on: 
Friday, May 7, 2021

b'The net result for the nine-month period of fiscal year 2021 recorded a loss of ARS 4,794 million compared to a loss of ARS 2,384 million in the same period of 2020, mainly explained by the negative result due to change in the fair value of investment properties partially offset by higher net financial results.\nAdjusted EBITDA reached ARS 12,321 million in the nine-month period of 2021, increasing 65.7% compared to 2020, mainly explained by the Sales and Developments segment, whose EBITDA reached ARS 9,104 million from sales made of the Bouchard 710 building and the Boston Tower.

Key Points: 
  • b'The net result for the nine-month period of fiscal year 2021 recorded a loss of ARS 4,794 million compared to a loss of ARS 2,384 million in the same period of 2020, mainly explained by the negative result due to change in the fair value of investment properties partially offset by higher net financial results.\nAdjusted EBITDA reached ARS 12,321 million in the nine-month period of 2021, increasing 65.7% compared to 2020, mainly explained by the Sales and Developments segment, whose EBITDA reached ARS 9,104 million from sales made of the Bouchard 710 building and the Boston Tower.
  • Adjusted EBITDA of the rental segments reached ARS 3,394 million, which represents a 55% drop compared to the same period of the previous year.\nTenant sales in shopping malls grew 0.4% in real terms in the third quarter of fiscal year 2021 compared to 2020.
  • Excluding the second fortnight of March, which had the shopping centers partially or totally closed in 2020, the variation was reverts to a drop of 20.5%.\nThe occupancy of the shopping malls portfolio reached 89.5%, while that of A + and A offices reached 81.2%, increasing slightly compared to the previous quarter because of the new building "200 Della Paolera", whose occupancy increased from 74.6% in December 2020 to 76.9% in March 2021.\nSubsequently, the national government ordered, among other restrictive measures related to the COVID-19 pandemic, the closure of shopping malls in the Buenos Aires Metropolitan Area from April 16 to May 21 inclusive.
  • Therefore, to date, 44% of the portfolio remains operational.\n'