Industry News
All Washington Prime Group News
Top stories summarized by our editors
Top stories summarized by our editors

Pearlridge Center's renovation has focused on its Hawaiian community

8/19/2020

Washington Prime Group, which acquired Pearlridge Center in Aiea, Hawaii, in 2015, has worked to renovate and rebrand the space to update physical features and connect more closely with the local community. "It's a renovation but it's actually a restoration of the soul of our community," says indigenous cultural expert Kehaulani Lum. The Pearlridge team has sought to aid locals during the pandemic, including by preparing and donating meals.

Mall owners see opportunity to turn vacant space into fulfillment centers

7/31/2020

Some retail landlords are converting empty anchor space into fulfillment centers, and one example is Washington Prime Group's Fulventory initiative launched earlier this year. "As online retail evolves and expands, many retailers and developers will find opportunities to convert underperforming stores into final-mile distribution sites to support e-commerce operations," says John Morris of CBRE.

Vacant space at malls now being used for fulfillment

7/28/2020

Some retail landlords are converting empty anchor space into fulfillment centers, and one example is Washington Prime Group's Fulventory initiative launched earlier this year. "As online retail evolves and expands, many retailers and developers will find opportunities to convert underperforming stores into final-mile distribution sites to support e-commerce operations," says John Morris of CBRE.

Retail REITs use online sales initiatives to help tenants

4/28/2020

Retail REITs such as PREIT and Washington Prime Group are aiding their tenants through online sales initiatives during coronavirus-related store closures. "We thought about our smaller business retailers and the fact that they don't have the reach that the larger retailers do from the marketing standpoint," notes PREIT's Heather Crowell.

Retail REITs use online sales initiatives to help tenants

4/22/2020

Retail REITs such as PREIT and Washington Prime Group are aiding their tenants through online sales initiatives during coronavirus-related store closures. "We thought about our smaller business retailers and the fact that they don't have the reach that the larger retailers do from the marketing standpoint," notes PREIT's Heather Crowell.

Washington Prime Group announces property closures

3/30/2020

Washington Prime Group has announced that it will temporarily shutter its enclosed retail properties in light of the coronavirus outbreak. Exterior-facing restaurants with delivery and carryout options will be exempted, along with exterior-facing tenants that offer essential products.

Washington Prime Group announces property closures

3/27/2020

Washington Prime Group has announced that it will temporarily shutter its enclosed retail properties in light of the coronavirus outbreak. Exterior-facing restaurants with delivery and carryout options will be exempted, along with exterior-facing tenants that offer essential products.

Washington Prime Group views store closures as opportunity

12/27/2019

Store closures will allow Washington Prime Group to better curate and diversify its tenants, according to CEO Louis Conforti. He notes that the REIT views closures as an opportunity, which has allowed the company to be 93.7% occupied with 3.5 million square feet of space.