Entries by admin

13 ‘Ghost Malls’ from Around the World

Reprinted from National Real Estate Investor Why do malls die? Sometimes it’s due to outmoded business models. Other times, it’s caused by economic downturn or extreme changes in demographics or fashions. Or grandiose ideas of development that can’t possibly be realized. Or bad urban planning. Or even, say some critics, because American culture is, if […]

Lindsay Honda turning old Scarborough Mall into massive dealership

Reprinted from Columbus Business First Automall wouldn’t be a misnomer for the new Lindsay Honda. The east-side dealership is renovating the old Scarborough Mall off Brice Road into what will become a 15-acre, 150,000-square-foot home for the state’s top Honda dealer, which sold more than 4,800 new Hondas in 2013. “We needed a facility to […]

Empty big boxes are finding new purposes in Minnesota

(Reprinted from StarTribune Business) The ubiquitous big-box concept has reached middle age, but many of the stores never had much of a life. Bankruptcies, downsizing and changing needs among retailers resulted in thousands of closures nationwide. But fortunately, some of these dormant spaces have entered inventive second acts, with Minnesota now home to some of […]

DDR Corp. launches program aimed at recapturing high-quality anchor store locations

Reprinted from Crain’s Cleveland Business Seizing initiative as change roils retailing, Beachwood-based DDR Corp. (NYSE: DDR) on Thursday, May 29, announced it has launched a program to recapture high-quality anchor store locations across its shopping center portfolio to lease them to growing chains at higher rents. In what it described as a multiyear program, DDR […]

Charles Village finds its ‘Mojo’ in quest to fill vacant storefronts

(Reprinted from the Baltimore Sun) By Larry Perl, lperl@tribune.com1:06 p.m. EDT, April 14, 2014 In an effort to fill vacant storefronts with businesses that residents want, community associations in Charles Village and Old Goucher are partnering with Spotmojo, a California-based ‘crowd-sourcing’ company that does neighborhood-based market research, free of charge to communities. “After digesting it, […]

CAP hires Nancy Carrillo, CPM as National Sales Executive

Contact:Robert Felber RobFelber@felberpr.com 330-963-3664 For Immediate Release  CAP hires Nancy Carrillo, CPM as National Sales Executive CAP continues to expand as the nations’ premier commercial property maintenance organization  Salt Lake City, UT, April 10, 2014 — Commercial Asset Preservation, LLC (“CAP”), a nationwide provider of general maintenance, preservation, day porter and inspection services for heavily […]

Nine Retailers Closing the Most Stores

Reprinted from 24/7 Wall Street Brick-and-mortar retailers have been suffering from slow economic activity for years, as well as from increased competition from online retailers. The rise in store closings is a prominent sign of their struggles. Weakened companies cannot afford the real estate and personnel costs that go along with supporting hundreds of unprofitable […]

Closed schools could add to Memphis’ blight

(Reprinted from WMCTV.com) Neighbors say the old Melrose High School building in Orange Mound proves to be the worst that can happen to a school after it closes. “The police patrol it the best they can, but you can only do so much … be better to have it gone,” said neighbor Semmie Askew. Other […]