#JIM COURIER FULL#
Jim Walsh is a senior reporter with the Courier-Post, Burlington County Times and The Daily Journal. The draw will be full of stars,' four-time Grand Slam mens singles winner and Tennis Channel commentator Jim Courier tells PEOPLE. It recently shed ownership of the Cumberland Mall in Vineland. PREIT operates 19 shopping malls and three other retail properties, mostly in the mid-Atlantic region. "From an operational perspective, the business is performing well," asserted Mario Ventresca, who said the firm's bottom line was hit by a $12.2 million jump in interest costs. He said the latest figures show "the continued strength" of PREIT's tenant portfolio "and the resilience of the consumer as sales, occupancy and (net operating income) continue to show improvement."Īmong coming changes, he said, Brooks Brothers menswear is planning a return to Cherry Hill Mall, he said. His impressive combination of understanding, analysis, empathy, and humility is always backed by thorough preparation. Brooks Brothers coming back to Cherry HillĬoradino took an optimistic view in a statement. Jim Couriers tennis commentary is a pleasure to listen to.
PREIT in March reported a net loss of $175.7 million for 2022, pushing its total deficit to more than $800 million over the past eight years. Revenues were $67.2 million for the quarter ended March 31, down from $69.4 million a year earlier. PREIT's first-quarter loss, equal to $9.75 per share, was up from a year-before net loss of $39.3 million, or $7.40 per share. Losses up for owner of Cherry Hill Mall, Moorestown Mall PREIT also owns Moorestown Mall, where it is introducing a medical facility and an apartment complex in an effort to broaden its appeal. "It's no secret that the credit markets are extremely challenging, particularly for enclosed malls," said Coradino. He noted the firm has sold assets valued at more than $140 million since January 2022 and has used available funds to pay down debt. The company is "pursuing all available alternatives, including refinancing, selling assets and engaging in discussions with lenders," said Joseph Coradino, president and CEO. PREIT also noted debt of $995.8 million is maturing in December, while its corporate cash balances and available credit provide liquidity of $117 million. More: PREIT sells assets to reduce debts Did shedding Cumberland Mall improve finances for owner of Cherry Hill, Moorestown malls? 1, "with an additional five-month extension option "subject to satisfaction of certain conditions." That pushes back the mortgage's maturity to Dec. Philadelphia-based PREIT also said it has extended a $237.1 million mortgage for Cherry Hill Mall, its top-performing shopping center. PHILADELPHIA - The parent firm of two South Jersey malls has reported its losing streak continued with a $51.9 million deficit in its quarter. Watch Video: Video: Wawa celebrates 1,000th store with help from the Philadelphia Eagles
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