Items Tagged with 'De-malling'
The Grand Rapids Business Journal recently published a very informative article by the W.E. Upjohn Institute for Employment Research. The article discusses a rise in big-box retail brick-and-mortar store closings, including “Sears (265 stores closed this year), JCPenney (138 stores) and Macy’s (100 stores)” — and the list continues to grow. While this signals financial challenges for those retailers and landlords, it may also create opportunity for those landlords or investors who are able to purchase these properties as vacant, value-add assets. Read More