Investors Still Willing to Bet Big on Mall Turnarounds, Even at Those Hit by Triple Anchor Closures
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While owners of shopping malls have been grappling with department store closings for several years, the pace of closings has recently accelerated, marking a turning point in the speed of the fundamental changes reshaping the traditional mall sector. Chains such as Sears, Macy’s and JCPenney are no longer closing a handful of underperforming stores at a time. Over the last htree months, they have all embarked on a new round of aggressive store…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group
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