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The Exton Square Mall has remained up for sale under PREIT’s new leadership, writes Paul Schwedelson for the Philadelphia Business Journal.
The Philadelphia company…
Fans of the Springfield Mall may be a bit nervous with all the news surrounding mall owner PREIT’s two bankruptcy filings, but the new…
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…
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…
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…
Black Friday mall traffic was one of those guaranteed days when local malls could count on being busy.
But last Black Friday, foot traffic at…
Philadelphia-based PREIT, owner of the Springfield Mall, could be heading for another bankruptcy filing just under a month before its credit facilities with a…
PREIT, which owns retail properties including the Springfield Mall, avoided what could have been a major leadership shakeup by rejecting resignations from seven board members…
Due to a lack of shareholder votes, seven out of the nine board members of PREIT have tendered their resignations, and while they are not…
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…
PREIT is looking to sell off two area malls as it works to generate cash ahead of a loan deadline, writes Paul Schwedelson for Philadelphia…
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…
Pennsylvania Real Estate Investment Trust, the owner of the Springfield Mall, Plymouth Meeting Mall, and Willow Grove Park Mall, is being booted off the New…
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…
There’s a sense of optimism from PREIT CEO Joe Coradino, as the company that owns the Springfield Mall and other malls in the region…
PREIT, owner of the Springfield Mall, Plymouth Meeting Mall and Willow Grove Park Mall, has made progress on its debt payments with $35 million in…
PREIT, the owner of the Springfield Mall, Plymouth Meeting Mall, Cherry Hill Mall and Willow Grove Mall, is paying retention bonuses to certain employees “in…
PREIT, the owner of the Springfield Mall and other mall properties in the region, is taking a new approach to pull itself out of $2…
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