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Path out of pandemic turns bumpy in Q2 for some major Lancaster County firms

The road leading out of the pandemic is turning out to be straight and smooth for some local companies, but twisty and bumpy for others.

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11 Must Reads for the CRE Industry on May 4, 2021

11 Must Reads for the CRE Industry Today (May 4, 2021) Manhattan store owners are suffering from the still limited presence of office workers, reports The New York Times. Moody’s predicts that urban multifamily properties will rebound this year. These are among today’s must reads from around the commercial real estate industry. ‘We’re Suffering’: How Remote Work Is Killing Manhattan’s Storefronts “A big shift toward working from home is endangering hundreds of locally owned Manhattan storefronts that have been hanging on, waiting for life to return to the desolate streets of Midtown and the Financial District. The fate of these stores, and by extension the country’s two largest business hubs, will hinge in large part on how long landlords will keep offering the rent breaks that have kept many retailers afloat.” (

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Pop-ups Take Over For Malls Facing An Uncertain Post-Pandemic Future

Pop-ups Take Over For Malls Facing An Uncertain Post-Pandemic Future 02/26/21 AT 12:22 PM Business leaders are looking at short-term options and pop-up stores for area malls as part of a strategy to remain agile as the pandemic doldrums drag on. Macy’s this week said it made an aggressive move to slash inventory as part of a plan to close some 125 brick-and-mortar stores by 2023. Posting a rare profit during a fourth-quarter that saw mounting cases of COVID-19 in the pre-vaccine environment, the retailer said its digital sales were up some 21% from 2019. Reporting from CNBC on Friday found about 14% of the leases for retail market space, some 1.5 billion square feet, are set to expire this year. That leaves property owners such as Tanger Factory Outlets scrambling to fill the vacated space.

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As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail

As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail
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Is Tanger Factory Outlets a Buy? | The Motley Fool

Author Bio Daniel W. Vena, CPA, CGMA is a long-term investor searching for intangibles that provide explosive growth opportunities in his investments. He served on active duty with the US Army and has a Bachelor s degree in accounting. Follow @dannyvena Tanger Factory Outlet Centers (NYSE:SKT) was making great progress in its business prior to the onset of the pandemic. The real estate investment trust (REIT), which focuses on open-air upscale outlet shopping centers, was initially hit hard by the retail closures. The company came roaring back, leaving some investors to wonder if Tanger is still a buy. On this clip from

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