Strip malls, of all things, appear to be trending up. After decades of decline brought on by the rise of large box stores, e-commerce, and the pandemic, the humble and sometimes derided neighborhood ...
The owner of Illinois’ largest mall has put up nearly $90 million in new equity to pay off its massive mortgage on the property, fallout from owning a shopping center whose value has dropped by about ...
As you may have heard, shopping malls have not been doing so well. E-commerce went into overdrive early in the pandemic. More recently, another more abstract threat has emerged in the form of the ...
As the decline of brick and mortar retail rolls on, commercial real estate developers are left with massive abandoned properties. Who will fill that underutilized space? A series of recent ...
Starwood Capital Group already has handed over one big shopping mall in Joliet to its lender and is facing a foreclosure suit on another one in South Barrington. Now a third mall, this one in Chicago ...
Big-box stores are beautiful once they have nothing to sell.
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