When Coach opened a store at the Cherry Hill Mall in November, mall executives were ecstatic — even though it’s been 85 years ...

PHILADELPHIA - The owner of two South Jersey malls has emerged from bankruptcy after shedding about $850 million in debt. PREIT Realty LLC also cut ties with its former leadership and surrendered its ...

The owner of several malls in Chester, Delaware and Montgomery counties has emerged from Chapter 11 bankruptcy, completing a financial and corporate restructuring. Pennsylvania Real Estate Investment ...

The largest mall operator in Pennsylvania has filed for bankruptcy for the second time since the pandemic. With a portfolio of mall properties that includes the Cherry Hill Mall and a 50% stake in the ...

PHILADELPHIA, April 1, 2024 /PRNewswire/ -- PREIT Realty, LLC ("PREIT"), a leading owner and operator of retail real estate located in the eastern half of the United States, announced today that it ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min CEO Jared Chupaila points to the ...

PREIT has emerged from its latest bankruptcy, which it declared in December, and will transition from a publicly traded mall owner to a private company. As part of the reorganization plan, the company ...

The Pennsylvania Real Estate Investment Trust (Preit) has filed a Chapter 11 petition in the federal Delaware bankruptcy court and presented a reorganization plan to reduce indebtedness by $880 ...

In a May 15 press release, PREIT announced nearly 30,000 square feet of new leases of brands that “resonate with and excite today’s shoppers” at the property along Route 38. Additionally, since ...

The nearly half-vacant 989K SF property west of Philadelphia was on the verge of a sale as recently as 2023, though that transaction fell through. Now, PREIT's new chairman of the board said the ...