Wednesday, September 14, 2016

Debt Doomsday Looms for Zombie Mall Operators

Image result for malls with high vacancyThe divide between good malls and bad malls is about to widen even further.

Despite popular belief, not all malls are dying. The highest quality shopping centers are minting money as a dearth of high-end properties drives up rents for the best locations. The Zombie Mall Apocalypse trope better describes a much larger group of middling-to-poor malls that are, in fact, in need of salvation -- or a wrecking ball.

Things are about to get even harder for the latter group of properties in the coming year, as the bill comes due on a credit binge that began in the heady, pre-financial-crisis days of 2006 and 2007.. . . more

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