Prince George's County, Maryland

PREIT Looks Forward to Welcoming Coveted Brand Primark to Mall at Prince George's

Retrieved on: 
Wednesday, February 7, 2024
JCPenney, Prince George's County, Maryland, Green Line, Victoria's Secret, Planet Fitness, Arundel Mills, Ulta, Commerce, Amazon, OTC, Miller, Beauty, PREIT, DSW, Secrecy, Pub, Old Navy, Department store

PHILADELPHIA, Feb. 7, 2024 /PRNewswire/ -- PREIT (OTC:PRET) today announced the execution of a lease with Primark at Mall at Prince George's in Hyattsville, MD.

Key Points: 
  • PHILADELPHIA, Feb. 7, 2024 /PRNewswire/ -- PREIT (OTC:PRET) today announced the execution of a lease with Primark at Mall at Prince George's in Hyattsville, MD.
  • Primark recently announced their plan for continued expansion in the U.S., anticipating growing their store from 24 locations to 60.
  • Located just outside of Washington DC, Mall at Prince George's is perfectly positioned to benefit from this tenant addition.
  • "Welcoming Primark to the Mall at Prince George's signifies not just a valuable addition to our diverse tenant mix, but a powerful magnet for driving traffic and attracting consumers," says Joseph F. Coradino, CEO of PREIT.

PREIT Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
Sale, Dartmouth Mall, Plymouth Meeting, Pennsylvania, Foot, Prince George's County, Maryland, Three Months, W Holding Company, Financial result, Springfield Town Center, OP, Whole Foods Market, McAuliffe-Shepard Discovery Center, Mall, ULTA, Mall kiosk, FFO, Operation, Primary Dealer Credit Facility, Line of credit, PREIT, Video game, Commercial property, Cryptocurrency

PHILADELPHIA, Nov. 14, 2023 /PRNewswire/ -- PREIT (OTCQB:PRET) today reported results for the three and nine months ended September 30, 2023. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.

Key Points: 
  • Core Mall Total Occupancy decreased by 70 basis points to 93.6% compared to the third quarter 2022.
  • Average renewal spreads for the three and nine months ended September 30, 2023 were 8.5% and 5.5%, respectively.
  • Additional information regarding changes in operating results for the three and nine months ended September 30, 2023 and 2022 is included on page 14.
  • The Company's Credit Facilities, with a balance of $1,118.8 million as of September 30, 2023, mature on December 10, 2023.

PREIT Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 3, 2023
Springfield Town Center, Cherry Hill Mall, Moorestown Mall, Internet, Financial result, Line of credit, Willow Grove Park, OP, Prince George's County, Maryland, Whole Foods Market, Primary Dealer Credit Facility, Phase II, Sale, FFO, Woodland Mall, Main Event, Prince George, Webcast, NOI, Plymouth Meeting, Pennsylvania, PREIT, Marley Station Mall, Hawaii Children's Discovery Center, Three Months, Family, Conference, The Rouse Company, Video game, Commercial property, Cryptocurrency, Life insurance, Mall

PHILADELPHIA, Aug. 3, 2023 /PRNewswire/ -- PREIT (OTCQB:PRET) today reported results for the three and six months ended June 30, 2023. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.

Key Points: 
  • Robust leasing activity is driving increased occupancy with Core Mall Total Occupancy increasing by 40 basis points to 94.2% compared to the second quarter 2022.
  • Core Mall non-anchor Occupancy improved 70 basis points to 91.2% compared to the second quarter 2022.
  • Additional information regarding changes in operating results for the three and six months ended June 30, 2023 and 2022 is included on page 15.
  • The Company's Credit Facilities, with a balance of $1,023.1 million as of June 30, 2023, mature on December 10, 2023.

Colleges and Universities are leveraging S.A.F.E to Combat Fraud Applicants

Retrieved on: 
Thursday, March 30, 2023
Carbon, Database, Communication, Lehigh Carbon Community College, Louisiana State University, University, Community college, Prince George's County, Maryland, LCCC, School, LSU, Student, Prince George's Community College, Prince George, Workload, PGCC, Environment, HCC, Nursing

ATLANTA, March 30, 2023 /PRNewswire-PRWeb/ -- Higher Ed institutions like Prince George's Community College (PGCC), Louisiana State University (LSU), Howard Community College (HCC) and Lehigh Carbon Community College (LCCC) are leveraging S.A.F.E. (Student Application Fraudulent Examination), to address the influx of fraudulent activity by fake applications. This innovative system is part of a larger effort spearheaded by President Maurice Simpkins via A.M. Simpkins & Associates, "Our goal is to tackle the increase in fraudulent and suspicious activity across the country and protect institutions from potential harm."

Key Points: 
  • S.A.F.E.
  • This ensures that the college only accepts legitimate applicants whose qualifications allow entrance into the school's applicant pool and ultimately the student body.
  • S.A.F.E.
  • S.A.F.E.

PREIT Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, March 22, 2023
Springfield Town Center, Partnership, Plymouth, Face, Moorestown Mall, Comparable, Internet, Financial result, Line of credit, Willow Grove Park, OP, Foot, Prince George's County, Maryland, Whole Foods Market, Prognosis, Primary Dealer Credit Facility, Sale, Pearl, Plymouth Meeting Mall, FFO, Burlington, Prince George, Fashion District Philadelphia, Webcast, NOI, PREIT, Valley View Mall, Same-store sales, Hawaii Children's Discovery Center, Three Months, Family, Conference, Bank, Cryptocurrency, Commercial property, Retail, Department store, MD, Mall, Cumberland Mall

PHILADELPHIA, March 22, 2023 /PRNewswire/ -- PREIT (OTC:PRET) today reported results for the three months and year ended December 31, 2022. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.

Key Points: 
  • For the rolling 12 month period ended December 31, 2022, core mall comparable sales grew to $596 per square foot, compared to $539 in 2019.
  • Average renewal spreads for the three months and year ended December 31, 2022 were -5.6% and 1.1%, respectively.
  • Since the beginning of 2022, the Company sold assets generating just over $141 million in gross proceeds.
  • Additional information regarding changes in operating results for the three months and year ended December 31, 2022 and 2021 is included on page 15.

Donohoe Hospitality Services Names Chef Malcolm Mitchell Corporate Director of Restaurants and Bars

Retrieved on: 
Tuesday, December 14, 2021
Retail, Restaurant, Bar, Ministry of Education (Malaysia), F&B, Food, Company, IHG Hotels & Resorts, Oak Room, III, American City Business Journals, International Union of Hotel, Restaurant and Bar Workers, Stratford University, Prince George's County, Maryland, Prince George's Community College, Efficiency, Multimedia, Mitchell, Restaurant, Restaurant, D.C

Thomas Penny, III, president of Donohoe Hospitality Services, a division of Donohoe, today named Chef Malcolm Mitchell corporate director of restaurants and bars.

Key Points: 
  • Thomas Penny, III, president of Donohoe Hospitality Services, a division of Donohoe, today named Chef Malcolm Mitchell corporate director of restaurants and bars.
  • View the full release here: https://www.businesswire.com/news/home/20211213006056/en/
    Donohoe Hospitality Services Names Chef Malcolm Mitchell Corporate Director of Restaurants and Bars (Photo: Business Wire)
    Chef Mitchells commitment to the highest culinary standards is outmatched only by his desire to share his love of food and drink with everyone he meets, ideal qualifications for a corporate director of restaurants and bars, Penny said.
  • With his expertise and talent, Chef Mitchell will continue our further evolution as a hospitality company respected as much for our restaurants as we are our lodgings.
  • Founded in 2005, Donohoe Hospitality Services is a division of Donohoe, an iconic real estate service company established in 1884.

President of Eastern Maine Community College to Lead Growing Initiative to Strengthen Community Colleges Nationwide

Retrieved on: 
Monday, October 4, 2021
Community college, Foundation, UNCF, EMCC, Michael, Eastern Maine Community College, Carnegie Corporation of New York, Pleasure, Northern State University, Walmart, Employment, Head, New York state public-benefit corporations, Student, Lab, Walton family, Multimedia, Austin Community College District, Fund, Lumina Foundation, Pima Community College, City University, Bill, City University of New York, CEO, Education, University, Maine Community College System, Leadership, University of Minnesota, Technology, American Council on Education, Michael & Susan Dell Foundation, Western Iowa Tech Community College, American Council, Bill & Melinda Gates Foundation, Minnesota State University, Mankato, Prince George's County, Maryland, Seattle Colleges District, Organization, Government, Management, Medicine

"We are thrilled to have Dr. Larson join our team and lead the next phase of the Community College Growth Engine Fund," said Kathleen deLaski, founder, CEO and chair of the board of the Education Design Lab. "It is becoming increasingly apparent that innovative community colleges can -- and are -- leading the design of employment-connected learning. Dr. Larson has been one of those leaders in Minnesota and in Maine and it is the Lab's honor for her to champion the learner-driven models that are emerging through partner co-design and gaining momentum around the country."

Key Points: 
  • Having most recently served as President of Eastern Maine Community College, Dr. Larson brings decades of leadership experience with community colleges from across the country to the Lab as it seeks to scale its work to reimagine the role of community colleges in advancing economic opportunity for new majority learners.
  • The Community College Growth Engine Fund was launched in October 2020 to help position community colleges as a bridge between education and employment.
  • Participating institutions in the first cohort include: The City University of New York, Ivy Tech Community College, Prince George's Community College, Austin Community College District, Pima Community College, and Seattle Colleges.
  • "It has been the honor and pleasure of my life to serve Maine's learners as president of Eastern Maine Community College and I thank the entire Maine Community College System for welcoming me these last five years," said Dr. Lisa Larson.

Employ Prince George's Launches Diversity, Equity, & Inclusion (DEI) Workforce Program To Connect Immigrant, Refugees, And English Language Learning Job Seekers To Careers

Retrieved on: 
Friday, May 28, 2021
Washington metropolitan area, Immigration, Population, Prince George's County, Maryland, Geography of Maryland, Geography of the United States

This development introduces a new diversity, equity and inclusion (DEI) approach to economic development, while meeting the needs of the international talent pool in a local area.

Key Points: 
  • This development introduces a new diversity, equity and inclusion (DEI) approach to economic development, while meeting the needs of the international talent pool in a local area.
  • CPFA aims to break language and cultural barriers by bridging the gap and by developing relationships within Prince George's County's immigrant and immigrant servicing communities.
  • We're happy to now be able to provide hard working residents in Prince George's County the opportunity to earn a livable wage."
  • EMPLOY Prince George's (EPG) provides workforce intelligence and solutions for the job seeker and business.

RedfinNow Launches in Washington, D.C. and Baltimore Metro Areas

Retrieved on: 
Friday, March 19, 2021
Redfin, Geography of Maryland, Cities in the United States, Prince George's County, Maryland, Baltimore, Geography of the United States

RedfinNow is the iBuying service from Redfin ( www.redfin.com ), the technology-powered real estate brokerage, which gives homeowners a convenient new way to sell.

Key Points: 
  • RedfinNow is the iBuying service from Redfin ( www.redfin.com ), the technology-powered real estate brokerage, which gives homeowners a convenient new way to sell.
  • "We're excited to give our customers more choice, convenience and certainty when considering a move, especially during the pandemic," said John Monen, regional manager for RedfinNow.
  • Moving is stressful enough, without having to worry about your home selling before you've found a home to buy.
  • RedfinNow is currently available in parts of Anne Arundel County, Baltimore City, Baltimore County, Montgomery County and Prince George's County, and will expand to additional areas in the coming months.

Chike Aguh Departs Code in the Schools Board of Directors after almost 8 years of Service

Retrieved on: 
Friday, February 26, 2021
Geography of Maryland, Cities in the United States, Washington metropolitan area, Chike, Baltimore, United States Department of Labor, Prince George's County, Maryland, Geography of the United States

WASHINGTON, Feb. 26, 2021 /PRNewswire-PRWeb/ --On January 20th 2021, Chike Aguh departed the board of directors of Baltimore's Code in the Schools.

Key Points: 
  • WASHINGTON, Feb. 26, 2021 /PRNewswire-PRWeb/ --On January 20th 2021, Chike Aguh departed the board of directors of Baltimore's Code in the Schools.
  • On the same date, he was appointed as the Chief Innovation Officer at the United States Department of Labor.
  • Aguh had served on the board of Code In The Schools since 2013.
  • Chike, his wife and their son proudly call Prince George's County, MD home.