Pennsylvania Real Estate Investment Trust

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  • PREIT, Macerich $107 Million Investment to Redevelop The Gallery

    The Gallery at Market East, one of Philadelphia’s largest urban malls that is located in the heart of the city, is about to get a major makeover. Pennsylvania Real Estate Investment Trust (PREIT), which owns the 1.4 million-square-foot property, announced this week a joint venture with Macerich to revamp the bleak mall into the city’s only multi-use property that will offer accessible luxury retailing in the Center City area.

    Philadelphia 30 July 2014 19:00
  • PREIT to Purchase Springfield Town Center for $465M

    A large, D.C. area retail property is getting ready to welcome new owners. Pennsylvania Real Estate Investment Trust (PREIT) has announced on March 3, it has entered into an agreement with Vornado Realty Trust to buy the Springfield Town Center in Springfield, Va. The price of the transaction is huge, $465 million.

    Washington Dc 10 March 2014 19:44
  • May – Briefs/People

    Coradino Named CEO of PREIT; MacEachron Joins Rockefeller; Sabatier Named President of Destination Hotels & Resorts; Voit Hires Mark Read; C&W Appoints New EMEA CEO; Richard Putnam Joins Colliers; Grosvenor Names Walters Managing Director in Philly; First Washington Realty Names Joshua Brown EVP.

    National 08 May 2012 15:18

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