WYOMISSING, PA-Penn National Gaming reports a record first-quarter. Revenues reached $225.2 million. Income rose 58.4% to $38.8 million. The company lobbies daily for legal slots in PA and might invest $100 million at its two PA racetracks to accommodate them.
PHILADELPHIA-This is the larger portion of a six-mall acquisition, announced in March, that marks PREIT's conversion to a retail-only REIT and the largest retail property owner in Greater Philadelphia. Aggregate space of the four malls is 3.6 million sf.
HORSHAM, PA-Banana Republic, Ann Taylor, and Talbot's are among the national retailers that will be in residence when the $6.5-million, 21-building Shoppes at English Village opens on 14 acres here this June. Columbus, OH-based Stanbery Development is the owner.