June 12, 2016 |
Pennsylvania Real Estate Investment Trust indicated this week that it was open to merging with another shopping-mall operator, raising the possibility that the Philadelphia company may join a wave of buyouts among retail-center owners nationwide. PREIT chief executive Joseph Coradino said at a real estate investment conference in New York that the company - owner of Cherry Hill Mall, among others locally, and a partner in the $325 million redevelopment of Center City's Gallery at Market East - would consider combining with another operator if such a move would be good for shareholders.
May 30, 2016 |
Maureen McLoone, drum major during the glory years of the Royaleers, last marched down Kings Highway in 1968. But she'll lead the formation once again Monday as former members of Haddonfield's pioneering all-girl drum and bugle corps, many of them grandmothers now, reassemble for the borough's Memorial Day parade. From 1954 until 1977, the Royaleers - originally called the Christ the King Cadets, later the Royaleer Mounties - were a parade fixture in the borough and beyond. The 100-strong, precision-drilled, spit-and-polish group took home regional and national trophies and exemplified the community's patriotism and pride.
May 2, 2016 |
There was only one King of Pop. So Joe Purifico wants to be the Pop-Up King. Purifico is president and general counsel at JBC & Associates, whose mission is to help smaller retailers expand, "utilizing the kiosk, cart, and pop-up store environment" to test a new city and product. "We take entrepreneur retailers wanting to start a company from scratch, run the operation for them, from sign layout to filling the shelves," said Purifico, who works in Glen Mills. "Second, we take retailers with a small footprint that malls like and help them grow regionally and nationally.
April 29, 2016 |
Royal Dutch Shell appears to be moving forward with its plan for a petrochemicals plant in the Western Pennsylvania city of Monaca, according to the Philadelphia-based owner of a nearby shopping mall that expects to benefit from the proposal. Shell recently made a fresh land acquisition near the site of the proposed complex and started leasing part of Beaver Valley Mall's parking lot from owner Pennsylvania Real Estate Investment Trust (PREIT) "for a significant sum of money," said Joseph Coradino, the mall developer's chief executive officer.
February 22, 2016
Can a paint job encourage you to dine in or do takeout? Saladworks believes so, and that's why the company is replacing bright, primary bold colors with earth tones for a warmer, more inviting feel at its stores, said CEO Paul Steck. The move also reflects how far the 30-year-old company built on salads has come from its humble start in Cherry Hill in 1986, to a chain of more than 100 stores in 15 states (mostly Mid-Atlantic) and four countries. Sales were $82 million last year, up from $80 million in 2014.
February 7, 2016 |
A South Jersey woman was sentenced Friday to 21 years in prison for her role in an international drug ring that shipped cocaine to New Jersey. Under the term imposed by Superior Court Judge John T. Kelley, Marsha G. Bernard of Cherry Hill must serve 15 years without parole eligibility, acting Attorney General John J. Hoffman announced. Bernard, 34, was convicted in December on charges of distribution of cocaine, money laundering, and conspiracy, the prosecutor said. Bernard also was sentenced Friday to a consecutive six-year term on the money-laundering charge, he said.
January 26, 2016 |
First, it's too warm to buy a new winter coat. Then, just when you need one, a powerful storm forces the stores to close. While many began the exhaustive task of digging themselves and their vehicles out, others stayed indoors, hoping the sun would do much of the work. As a result, the region's malls, restaurants, and bars reopened for business, but their customers didn't return in droves. Wendy Silverwood, 55, of East Goshen, Chester County, was among those who stayed home Sunday.
January 20, 2016 |
As of Monday morning, Michael Lefkoe already had logged more than 50 miles. "This year, my goal will be 1,200," says the retired Cherry Hill accountant, whose pedometer topped 1,100 in 2015. Lefkoe, 70, is a mall walker. Six days a week, he laces up his New Balance shoes - the black pair one day, the white pair the next - and heads for either Cherry Hill Mall or Moorestown Mall. He refers to the route he walks as a "course. " A grandfather of two, Lefkoe is part of a serendipitous, unorganized, and congenial community of men and women, most of them middle-age or older, who exercise and socialize for free in the early morning, pre-opening quiet of indoor shopping centers such as Cherry Hill and Moorestown.
December 9, 2015 |
Legoland Discovery Center, a chain of children's attractions, plans to open a location at Plymouth Meeting Mall as the mall's owner, Pennsylvania Real Estate Investment Trust (PREIT), seeks to drum up business at the property. Construction will begin in the summer on the 33,000-square-foot attraction, which will include Lego-block play areas, a cinema, and a "Miniland" with Lego-block replicas of Philadelphia-area buildings, PREIT said Monday. The attraction, scheduled to debut in 2017, will replace part of Plymouth Meeting's food court, PREIT chief executive Joseph Coradino said Monday.
December 4, 2015 |
Retailers across the region claimed a successful Black Friday weekend, with the heaviest traffic in years at area shopping malls. Although more people than ever are doing their holiday shopping online, two of the area's biggest malls reported substantially more shoppers in their stores than on the typical weekend. More than 95,000 people went through Cherry Hill Mall on Black Friday alone, said Lisa Wolstromer, the mall's team marketing director. That compares with the usual Friday mall crowd of about 25,000 shoppers, she said.