Latest News for: Cinema leasing

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Reading Cinemas disappointed by failed $32m deal with Wellington council

RNZ 24 Apr 2024
On Tuesday, Wellington City Council announced it had called quits on the deal with Reading Cinemas to buy the land under the property and lease it back to the company. The cinemas complex has been shut since 2019 due to its earthquake risk.
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Is Providence Place mall in financial trouble? Why recent filings raise questions.

The Providence Journal 23 Apr 2024
Tenants with leases expiring in the next few years include Showcase Cinemas in January 2026, Dave and Buster's this December and Zara in October 2025. When the lease for Macy's ends is not listed, but the company plans to close 30% of its locations.
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Sun-Ray Cinema building is a historic landmark. What does that mean?

jacksonville.com 18 Apr 2024
Is Sun-Ray Cinema in Jacksonville's 5 Points closing? ... Cinema? ... If it were to pass and affect the Sun-Ray Cinema building, that would not guarantee that the owners had to renew Sun-Ray Cinema’s lease.
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Sun-Ray Cinema building to sell, historic designation prevents parking garage without approval

jacksonville.com 16 Apr 2024
Sun-Ray Cinema, which was bought and remodeled in 2011, is a building tenant, not the owner. The business posted on Facebook saying the cinema owners spoke to the potential buyer in January and have not been offered a lease extension.
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Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by ...

Hindustan Times 10 Apr 2024
Retail leasing is expected ... Emerging as an alternative to traditional cinema halls, the growing interest of consumers in the entertainment category is likely to lead to more traction in leasing as well.
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Long-abandoned Art Deco cinema in NYC loses another lease on life

New York Post 10 Apr 2024
After sitting vacant since 2005, it appeared fate had finally favored Manhattan’s abandoned Metro Theater when, in 2022, Alamo Drafthouse Cinema signed a lease on the historic movie house.
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Movies are returning to White Plains after six months without the silver screen

Lohud 03 Apr 2024
Mayor Tom Roach announced that Apple Cinemas has signed a lease to operate the former Showcase Cinemas theater at the City Center in the heart of downtown White Plains ... Showcase Cinemas said they were ...
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Churchill: Meet the man who's buying the Spectrum

Times Union 30 Mar 2024
Still, it came as a shock when Landmark announced in February that it would not renew its lease and the cinema would close, seemingly another bit of bad news for the city.
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City Foundry developer sued by broker for withholding over $200,000

St Louis Post-Dispatch 29 Mar 2024
Though the developer paid the first half of CBRE’s commission on Alamo Drafthouse Cinema’s lease, it has since failed to pay the remaining $206,900.50 owed, according to the suit ... .
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That's still for sale? A look at five Lansing-area commercial properties awaiting development

Lansing State Journal 25 Mar 2024
The property has been vacant for five years and on the market to buy or lease for about a year ... Kosta has been representing the property, on the market to lease, for six months.
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Show over: Cinema World in Fitchburg to close after 28-year run

Telegram & Gazette - Worcester 22 Mar 2024
FITCHBURG — Cinema World's seven screens will go black for good on March 31, leaving the city without a movie theater for the first time in nearly three decades ... On May 21, 1996, Cinema World opened for business.
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Alamo Drafthouse Cinema unveils HappyLand, a movie-themed mini golf course

Lehigh Acres Citizen 12 Mar 2024
“We were keen on bringing a unique, over-the-top entertainment addition to the already exceptional cinema experience that is Alamo,” said Adam Schwegman, partner and executive vice president of leasing at North American Properties (NAP).
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Reading Cinemas: Mayor Tory Whanau defends controversial deal

RNZ 29 Feb 2024
The controversial deal would see the council pay $32 million for the land the complex is situated on and then lease it back to the cinema company, which would use the cash injection to pay for required building upgrades.
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Fired up fundraiser doubles Milford theater group's goal to keep the lights on

Hometown Life 29 Feb 2024
MILFORD — An emergency campaign to raise $10,000 for the Milford Independent Cinema brought in more than double the goal in 10 days ... The Huron Valley Film Organization also leases the space the Milford Independent Cinema is in, part of a strip mall.
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Wellington City Council's Reading Cinemas deal made public

RNZ 28 Feb 2024
... Reading Cinemas deal ... The proposal would see the council buy the land under Reading Cinemas for $32 million and lease it back to its current cinemas owners on a 21-year perpetually renewable lease.

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