Tuesday, May 29, 2018

Adios, Sears And JC Penney. Mall Owners Are Putting Apartments, Hotels In Your Place

bisnow.com
As department stores dwindle, mall owners are looking to fill those yawning gaps. How to do that is one of the biggest open questions in the retail real estate business, Green Street Advisors Managing Director Dirk Aulabaugh told CNBC at the annual ICSC RECon event this week.

The hard fact of the matter, according to Aulabaugh, is that filling the spaces will take time, even years, and the process will be on a case-by-case basis. . . . more