Tag: Announces

PREIT Announces its Malls are Back to Business | News

PHILADELPHIA, June 22, 2020 /PRNewswire/ — Today, PREIT enthusiastically celebrates its suburban shopping mall reopening timeline and highlights meaningful results in its opened portfolio. In the path toward restoring full operations, PREIT has prioritized creating a safe environment for its customers. In addition to adhering to government and CDC operating standards, PREIT makes complimentary masks available for all customers upon entering. PREIT is particularly pleased that upon reopening, their properties will provide employment for over 30,000 employees while contributing over $60,000,000 annually of real estate tax revenue in their communities in addition to millions of dollars in sales tax

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Merck announces retirement of CEO, 2020 earnings | Business News

KENILWORTH, N.J. – Merck & Co., with multiple locations in eastern Pennsylvania and New Jersey, announced fourth quarter and full year 2020 results.

The results were mixed.

However, earnings weren’t the big news Thursday morning. The big news was the announcement that chairman and CEO Kenneth C. Frazier is retiring at the end of June after almost 11 years at the helm of the pharmaceutical giant. He will remain on the board as executive director.

Frazier was one of the few Black corporate leaders of Fortune 500 companies in the U.S. He will be succeeded as CEO by Chief Financial

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CBL Properties announces six new retailers coming to Cross Creek Mall

Michael Futch
| The Fayetteville Observer

CBL Properties, the parent company of Cross Creek Mall, has announced that six new stores and businesses are coming to the Fayetteville mall.

The news comes after the Chattanooga, Tennessee-based company said in August that it plans to file for voluntary Chapter 11 bankruptcy this month.

Meanwhile, as CBL Properties has said, it appears to be business as usual at Fayetteville’s only enclosed mall.

“Exciting things are happening at Cross Creek Mall, and we’re thrilled to share them with the community,” a Friday news release said. “New stores are moving into the mall —

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Massive New Jersey mall with water rides, theme park, more announces first 130 tenants. Here’s the list

About a year ago we told you about some of the stores coming to the massive American Dream Mall in East Rutherford, New Jersey.

Some of the mall’s major attractions first opened in 2019. The mall had to close temporarily earlier this year due to COVID-19 but reopened earlier this month, with many new tenants on hand.

American Dream is a giant shopping center and entertainment complex. Officials at this new complex are calling it a lifestyle and retail destination.

The complex is more than a decade in the making and is located next to the Meadowlands Sports Complex in

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