PREIT Archives - Philadelphia Magazine

PREIT

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Property

Fashion District Philadelphia: A Work-in-Progress Review

While the shopping mall as we have come to know it may not be dead yet, malls are either dying or on life support in […]

Business

I Love My Job: The Man Behind Fashion District, the Gallery’s $420M Revamp

With Fashion District Philadelphia (FD) slated to open its doors on Thursday morning, all eyes are on PREIT CEO Joe Coradino, the man behind the former […]

Business

PREIT and 1776 Are Bringing a Startup Incubator to the Cherry Hill Mall

Startup incubator network 1776 is teaming up with real estate trust PREIT to bring an incubator to the Cherry Hill Mall, and the idea might […]

Property

Real Estate Forecast for 2018: Mostly Sunny, With a Few Clouds

What a year it’s been for real estate in Philadelphia! We’ve seen the emergence of a residential seller’s market in the city the likes of […]

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 […]