Amazon Warehouses Are No Silver Bullet for Tired Shopping Malls
Few investors are queuing up to buy America’s unloved regional shopping malls. Landlords like Westfield’s owner need creative ways to unload them if they are to patch up their stock prices.
U.S. malls have lost a third of their value since their 2017 peak as the pandemic has accelerated the shift to e-commerce, according to real estate analytics firm Green Street.
ome investors are making contrarian bets on the most tired malls. Real estate specialists Namdar Realty Group… have been buying assets cheaply and continuing to run them as retail locations.
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