Joseph Coradino
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Springfield Mall Owner PREIT Looks to Diversify With 7,000 Apartments
Springfield Mall owner PREIT wants to convert the use of many of its mall properties so developers can build up to 7,000 apartments, writes Paul…
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Springfield Mall Owner PREIT Comes Out of 2nd Bankruptcy
PREIT, the owner of the Springfield Mall and other malls in the region, emerged from bankruptcy protection Monday for the second time since 2020. The…
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Springfield Mall Owner Files for Chapter 11 Bankruptcy Protection
PREIT, owner of the Springfield Mall and other regional malls, is staring at $1.1 billion in debt and has voluntarily filed for Chapter 11 bankruptcy…
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Springfield Mall CEO Believes New Mall Consumers ‘Value Experiences Over Goods’
Joseph Coradino, CEO of PREIT, owner of the Springfield Mall, took a hard look at its portfolio well before the onset of the pandemic, replaced…
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Springfield Mall Owner Sees Strong Sales and Mall Occupancy, But a Large Debt
PREIT CEO Joseph F Coradino reports the firm is seeing high mall occupancy, strong sales, and foot traffic closer to 2019, levels, Even so, PREIT,…
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PREIT, Springfield Mall Owner, Explores Sale or Merger
PREIT, the owner of the Springfield Mall and several other malls in the Philadelphia region, is exploring a possible merger or sale, writes Paul Schwedelson…
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PREIT Emerges Re-energized From Bankruptcy Protection With Fresh Capital
PREIT (Pennsylvania Real Estate Investment Trust), the owner of the Springfield Mall, came out of Chapter 11 bankruptcy Friday with a deal that gives access…
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Springfield Mall Owner Says They May File for Bankruptcy to Get $150 Million Loan
By Chris Isaac Analysts have been speculating for a while now that PREIT, owner of the Springfield Mall, might be heading towards bankruptcy within a…
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Springfield Mall Owner Sending Curated Surprise Boxes to Shopper’s Homes
With COVID-19 concerns still on everyone’s minds, PREIT, owner of the Springfield Mall, is attempting to entice customers to patronize their mall retailers in an…
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Springfield Mall Owner Announces $23M COVID Shut Down Losses
By Chris Issac PREIT had been able to get all of their malls opened up again near the start of the summer, but there was…
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At Springfield Mall, Free Masks and Hand Sanitizer Stations Herald New “Green” Shopping Experience
By Chris Isaac As more regions of Pennsylvania begin loosening restrictions on businesses operating during the pandemic, shoppers and store employees alike are questioning what…
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Albert Boscov, Retail Role Model, Passes Away
He led by example, by passion, and by a big heart. And last Friday, Albert Boscov left a legacy the retail industry won’t soon forget.…
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