Wednesday, February 17, 2010

Retail Real Estate closer to becoming Monopoly

This has direct relevance to Dead Malls. Simon is preparing to acquire General Growth properties. Simon is already the largest mall owner in the United States.

There will be many redundant mall locations if this takeover is approved, and many more closings.

Friday, February 12, 2010

The Retail Shift

Interesting article on a once bustling commercial strip in the Albany, NY area that has since become desolate due to the shifting of retail to other locations nearby and the dwindling economy in general.

Businesses are abandoning formerly thriving commercial strips
  By CHRIS CHURCHILL, Staff writer
First published in print: Sunday, February 7, 2010

EAST GREENBUSH -- A once-vital shopping area is in decline, pocked with empty storefronts and laid low by the migration of shoppers to newer and shinier destinations.
A Capital Region downtown?
No -- the area's older commercial highways.
You know these roads. They flow from cities such as Albany like arteries, and in the 1950s and 1960s they pulled retail life from urban centers, becoming shopping destinations of their own.
Now, just a few decades later, some of these roads are past their prime. They've been bypassed by progress. What they once did to the old downtowns is now being done to them.