Commercial Real Estate Finance

Posts Tagged ‘shopping mall’

East Asia always seems to be on the cusp of invention, if not innovation.  Whether its  gas- sipping cars, robots, toys or textiles, they always seem to be one step ahead of the U.S.  And when it comes to the future of urban real estate development, they might be one step ahead of us again, at least according to this CPN article.

Sure, conceptually vertical development for retail makes sense in urban centers with increasing populations and dwindling development sites like New York City, Chicago and San Francisco.  After all, residential and office developments work vertically, and even self storage and parking garages have had success with vertical development on a limited site. Moreover, you can conceivably do all of your shopping in one stop.

So why wouldn’t it work in America? Read the rest of this entry »

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Last week the Wall Street Journal published an article entitled “Recession Turns Malls Into Ghost Towns,” an interesting insight into how the economic recession and waning retail sales have led to the demise of some of America’s iconic shopping malls. Imagine the massive amount of oversupply of retail space that would result from the decline of any one of these Top 10 Largest Shopping Malls in the world.

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