Pennsylvania Real Estate Investment Trust News

Officials expect to receive offers for the licenses from the mall's owner, the Pennsylvania Real Estate Investment Trust, by July 2. The mall earned the right to buy licenses after voters approved two ballot questions in November to lift a nearly century-long ban on alcohol sales and limit those sales to full-service restaurants at the Route 38 ... (more)

It plans to open the brew pub in Voorhees Town Center this winter. It will be Iron Hill's second South Jersey location, after Maple Shade.

Shoppers walk in front of a Phillipsburg Mall store displaying after-Christmas savings.

Pennsylvania Real Estate Investment Trust signed a lease with DSW Inc. to open a 17,400 square foot store at Capital City Mall in Camp Hill, Pennsylvania.

Barry Sternlicht, chief executive officer of Starwood Capital Group LLC, proffers reasons for his company's success and talks about purchasing shopping-mall spaces.

Total returns for regional mall real estate investment trusts, or REITs, have been strong over the last three years, reports Charlottesville, Va.-based research firm SNL Financial LC.

Philadelphia-based Pennsylvania Real Estate Investment Trust is selling the Hanover mall and four others in effort to reduce its debt, according to company statements.

Pennsylvania Real Estate Investment Trust, which owns the property, said in a first quarter earnings call with analysts that it is selling five of its properties in order to reduce its debt.

Pennsylvania Real Estate Investment Trust executives told analysts in a recent conference call that the mall is one of five "non-strategic assets" they will sell to help pay down debt.

It plans to use proceeds from the sales to pay down debt. The malls PREIT wants to sell are deemed as "nonstrategic" to the company.

Construction crews are set to begin demolition of the United Artists theater at the Moorestown Mall any day now.

I recently wrote an article on a Dr. Suess REIT portfolio where the premise was/is that as investors and analysts, we have to leave no stone unturned in our quest for value and returns.