June 5, 2015 |
Before M. Allan Vogelson became a judge in 1995, he sometimes dined in Atlantic City in the early 1980s with Pete Rose, who was the Phillies' first baseman from 1979 to 1983. They shared the table with Carol Woliung, who in 1984 would become Rose's second wife. They were dining at the Playboy Hotel & Casino because Woliung was a Bunny waitress there. And because Vogelson's wife, Sandra, was, as she wrote in her resumé, " 'Bunny Mother,' the executive in charge of over 400 Playboy cocktail and dealer Bunnies.
October 22, 2014 |
Pennsylvania Real Estate Investment Trust has been renovating shopping malls, selling less-successful properties, and paying down its debt since the last recession. But it's not moving fast enough for one activist shareholder. Connecticut-based Jonathan Litt, whose Land & Buildings investment fund owns about $10 million of PREIT stock - a little less than 1 percent - posted an open letter Monday urging the Philadelphia-based company to sell half its malls, including a handful in this region.
April 7, 2014 |
In the survival-of-the-fittest, cutthroat world of retail, some malls have the right stuff. Others simply need to be "right-sized" and reincarnated - like, say, neighborhood mall, meets City Hall, meets Main Street. Take the old Echelon Mall. Known as "The Mall" in its heyday in the late 1970s and '80s, it drew from surrounding communities, like Lindenwold, Clementon, and Audubon. But time, disrepair, an exodus of tenants, and newer competition took their toll. By the time mall powerhouse Pennsylvania Real Estate Investment Trust (PREIT)
March 5, 2014 |
As commander of the community relations division of the Philadelphia Police Department in the early 1980s, E. Robert Korn enjoyed not only dealing with law-abiding citizens, but also at times being a face of the city, his son Warren said. "He got to travel on behalf of the city as a representative of the Police Department," his son said. One of Mr. Korn's favorite memories was briefing crew members of the aircraft carrier Saratoga at its port near Jacksonville, Fla., in the early 1980s, before joining them on the voyage to the Philadelphia Naval Shipyard for the Saratoga's extensive repairs.
April 25, 2012 |
A $200 million splurge on Cherry Hill Mall during the depths of the last recession, when cash was poured into a full-blown renovation while many Americans were clinging to every last dime, appears to be paying off four years later, according to financial disclosures Tuesday by its owner, Pennsylvania Real Estate Investment Trust. Sales per square foot at the mall reached an all-time high of $623 during the quarter that ended March 31, executives of Center City-based PREIT told investors, and a plan to refinance the property this summer could generate yet another payday for the crown retail jewel of Ronald Rubin's real estate empire by helping to pay down $2.3 billion in debt.
July 19, 2011 |
An expansion and redevelopment project is ahead for King of Prussia Mall, with officials announcing Tuesday plans to demolish the old John Wanamaker department store at the complex in order to make way for 10 new retail stores. The Wanamaker store at the Plaza, which was transformed for a short time into a Strawbridge's before it was decommissioned some time ago, will become the site of a two-story, 122,790-square-foot new building, officials said. It is the first major redevelopment at the East Coast's largest shopping mall since 2001, when construction crews redeveloped another old Strawbridge and Clothier store into the Pavilion.
May 28, 2011 |
Except for the piped-in music, the Voorhees mall was nearly silent shortly before lunchtime this week. At a perfume kiosk, a young man wondered whether he would sell more than a bottle or two that day. Seniors crowded together over coffee and Danish at tables in the mostly empty food court. "I like it here. It's nice and peaceful. There's none of the riffraff," said Connie Sparks, who was dining with a friend. Once one of South Jersey's most visited indoor shopping centers, the former Echelon Mall - now called Voorhees Town Center - fell on hard times in the 1990s.
April 27, 2011 |
Camden County, in a cost-cutting move, has shut two of its three passport and government-services centers. Opened in the late 1990s during a period of government expansion, the "county stores" were designed to provide residents easy access to services, including passport renewal and help writing a will. Mall centers allow residents of the county's suburbs to save a trip to the clerk's office in downtown Camden. But the location in the Cherry Hill Mall cost the county more than $230,000 a year.
February 28, 2011 |
Gerald McFadden, 79, of Lansdale, a retired director of distribution for Acme Markets, died of heart failure Friday, Feb. 25, at home. Mr. McFadden was born in County Donegal, Ireland. One of 13 children, he left home at 14 to work in Dublin. Later, he worked on BBC sets in London before immigrating to the United States in 1953. From 1954 to 1956, he served in the U.S. Army. While stationed in Germany, he returned to Ireland to see his sister Agnes profess her vows as a nun. He earned his American citizenship in the military.
November 16, 2008 |
From one end, the former Echelon Mall in Voorhees looks much as it always did: anchor stores Macy's and Boscov's floating in a sea of parking spaces. But on the other side, a village is rising where Sears and J.C. Penney once reigned. Following a national mall-makeover trend, the Pennsylvania Real Estate Investment Trust (PREIT) of Philadelphia is redeveloping the ailing Echelon into Voorhees Town Center, a mixture of housing, shops and offices. "Echelon Mall was too big and outdated," said Marc Policarpo, senior vice president at commercial real estate company Binswanger and a South Jersey Chamber of Commerce board member.