Amazon’s pullout of its HQ2 plan from New York City shouldn’t have a long-lasting impact on the city’s commercial real estate market, say experts.
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U.S. shopping center and mall owners are likely gearing up for another challenging year as more store closures are anticipated in 2019.
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The “rescue” that Sears Holdings Corp. Chairman Eddie Lampert is orchestrating to keep the lights on at more than 400 Sears and Kmart stores is not necessarily welcome news to mall owners.
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As malls compete with Amazon and other online retailers, one of their biggest advantages is showcasing what shoppers simply can’t find online.
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Robust demand for apartment investment assets in 2018 has paved the path for 2019.
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Amazon’s impact has been greatly exaggerated. In fact, no city in America can handle the 25,000 jobs more easily than New York.
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Amazon’s move to Queens shouldn’t drive up apartment rents too much in New York City, according to Reis Inc.
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With their high volume foot traffic, grocery stores are ideal labs to test bold ideas meant to save brick and mortar retail.
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Developers will keep adding pressure on the apartment sector in 2019, with plans to open hundreds of thousands of new luxury units in 2019.
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American malls are demonstrating some stability after devastating levels of store closures from the likes of J.C. Penney, Sears and Toys R Us, thanks in part to slowing new development.
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