Death of Malls Exaggerated: REIT Leaders “'Reports on the demise of malls are greatly exaggerated,’ said Joseph Coradino, CEO of PREIT LLC, a Philadelphia-based REIT that focuses on retail. He made the remarks at a panel called ‘Strategy at the Mid-Cycle,’ this morning. He was not alone in the sentiment. ‘Spaces [in malls] above 10,000 square feet,’ remain well-leased, according to Matthew Lustig, the head of real estate at investment management ...
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