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By Kris HudsonGreen Street Advisors, which tracks real-estate investment trusts, has made an intriguing prediction this year that 10% of U.S. malls will be remade or bulldozed into something other than malls within the next decade. Turns out, many mall industry executives think Green Street�s prediction of 10% attrition is too low. Mall executives interviewed Monday at the International Council of Shopping Centers� annual leasing conference in Las Vegas noted that many factors are hastening the decline of struggling malls these days. The expansion of online shopping is sapping their tenant rosters and rent rolls. Retailers and shoppers are�increasingly migrating�toward the strongest malls at the expense of weaker properties. There are more than 1,000 large, enclosed malls in the U.S., according to Green Street. Thus, ... Continue reading →
By Sandra Pedicini, Orlando Sentinel11:27 a.m. EST, May 22, 2012Orlando-based Nature's Table plans return to the Altamonte Mall food cour this yeart, taking over the old McDonald's space.Nature's Table used to operate in the food court until a few years ago. Founder Dick Larsen said the franchisees were not operating the eatery up to Nature's Table standards. Continue reading →
Orlando firefighters responded to Fashion Square Mall this evening after several people reported they were ill, according to WESH-TV. The news station said the people at the mall on East Colonial Drive were sprayed with some kind of irritant at about 5:30 p.m. More about the incident can be found at WESH.com. Continue reading →
4:52 p.m. EST, May 20, 2012|By Sandra Pedicini, Orlando SentinelLegos were pretty basic when Leslie Turner played with them as a girl. Thirty years later, Turner can choose from hundreds of kits when she buys them for her two young sons, Campbell and Sam. She can get them in big-box stores, at a sprawling Lego shop at Walt Disney World or at a Central Florida theme park devoted entirely to the 54-year-old building blocks. "It's incredible," said Turner, an engineer who lives in Apopka. "I don't remember anything like this when I was a kid." Lego has been largely responsible for one of the toy industry's few bright spots in recent years. Sales are skyrocketing because of the Danish company's tie-ins to theme parks, video ... Continue reading →
