PREIT

Property

The Pieces Fall Into Place on Market Street East

This morning’s announcement that AMC will bring an eight-screen deluxe cinema to Fashion District Philadelphia is merely the latest piece of evidence that a virtuous […]

Business

With Macy’s Closing, PREIT Makes Plans for “Lifestyle Destination” at Plymouth Meeting Mall

By the time Macy’s broke the news that four of its Philly-area stores will close their doors this spring, the Pennsylvania Real Estate Investment Trust, which owns two […]

Business

Four Philly-Area Macy’s to Close in Early Spring

It’s official: Four regional Macy’s stores will shut their doors for good this spring. On the chopping block are the stores at Plymouth Meeting Mall, […]

Business

Legoland To Become 4th Anchor at Plymouth Meeting Mall

Officials of Legoland Discovery Center, Plymouth Township, Montgomery County and Visit Philadelphia joined a passel of first-graders from nearby Plymouth Elementary School in digging into […]

The escalators and main atrium of The Gallery in Center City, which is owned by PREIT and is currently under construction.
Business

Gallery Redeveloper PREIT May Consider Merger

Pennsylvania Real Estate Investment Trust, or PREIT, recently indicated that it may be interested in merging with another shopping-mall operator, according to the Inquirer.

Business

PREIT Sells Off “Lower Productivity” Malls

PREIT, the Philly-based real estate trust that specializes in owning and operating shopping malls, announced today it has sold four of its underperforming malls, allowing […]

Property

Beyond the Gallery: Developers Snap up Three Properties on Market East

There’s an interesting wrinkle to the redevelopment of The Gallery at Market East into the Fashion Outlets of Philadelphia. PREIT and Macerich, the partnership developing […]

The Gallery - under renovation
Property

Market East: Gallery Rehab Won’t Be Finished Until at Least 2018

The Gallery won’t re-open as the Fashion Outlets of Philadelphia anytime soon. Macerich and Pennsylvania Real Estate Investment Trust, who are co-developing the transformation of […]

Property

PREIT Selling Two Center City Properties As Part of Fund-Raising Strategy

Pennsylvania Real Estate Investment Trust, the publicly traded trust that operates in the ownership of shopping malls and retail properties, is selling off five properties, […]

Business

Ron Rubin Steps Down as PREIT Executive Chairman

Ron Rubin — whom we once dubbed as “the man responsible for building every mall ever” — is stepping down as the executive chairman at […]

Property

Legoland Discovery Center Coming to Plymouth Meeting Mall

Philadelphia’s only Legoland Discovery Center is slated to open in spring 2017 at the Plymouth Meeting Mall, Pennsylvania Real Estate Trust (PREIT) announced today in […]

lenfest institute
News

Philly Newspapers Sue Landlord Over Lack of Signage at Headquarters

The Inquirer and Daily News once occupied one of the most easily recognized buildings in Philadelphia — the 18-floor tower on North Broad Street that suggested […]

Foobooz

Osteria Moorestown Closing, Catelli Duo to Move In

Marc Vetri’s Osteria in Moorestown will close and make way for a Catelli Duo, a more casual Italian concept. Vetri and Osteria was the ace-in-the-hole when […]

Property

Eastern Half of The Gallery to Shutter in October

Officials from SEPTA and PATCO confirmed today that PREIT plans to shut down the eastern half of the Gallery mall on October 2nd, as the developer commences […]

Future AT&T Store at 1501 Walnut Street
Property

PREIT Signs Up AT&T for Revamped 15th and Walnut Corner

Perhaps we can start calling the intersection of 15th and Walnut “Cell Phone Alley.” A T-Mobile store already sits next to Butcher & Singer just […]