Over the past year, the retail sector has been declining quickly with numerous store closures across the country. Companies hit the hardest fall under the categories of mall-based, or full price retailers. Spending trends changed during the recession, turning people
Physical bank locations are closing left and right due to the changing landscape of the banking world. The shift to online and mobile banking (whether customers like it or not) nearly eliminates the need for traditional tellers.
The Royal Bank
“A teardown or an empty lot can go for as much as $3 million,” Have you ever heard of such a thing? Head down to Brooklyn’s Ocean Parkway and behold this real estate phenomenon. The majority of these properties are
Developers around the US are shifting their focus to “pedestrian-centric” retail space. These new developments aim to create a utopia of life-work balance for young adults, and even some baby boomers looking to try a new, car-less lifestyle.
These projects
“As multiple anchors close at a single mall, property managers may face a spiraling crisis of declining rent rolls.”
After posting a $45 million net loss last year, Bon-Ton Stores’ announced in November that they will be closing 40 locations,
“$290M sale of DreamWorks animation headquarters.”….460,000 square feet of creative office space.
Read more about the details of this monumental deal: https://goo.gl/Am7Mqp
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Declining foot traffic and rising vacancies are making gyms more attractive to malls across the country. In prior years, the thought of building a gym within a shopping center would not appeal to many mall owners. They were thought to
In creation of the most recent tax reform, experts concluded that any final version of the bill would have little impact on the commercial real estate industry. Despite a demand shift in certain sectors, the bill shouldn’t shake things up
“Individual malls often spend $150,000 to $500,000 on holiday decorations”
In a technology-driven world, brick-and-mortar stores are often overlooked. Discover why landlords and retailers are investing so much on tinsel and lights this year: https://goo.gl/ysdzcS
