Retailers announced 5,300 store closings by June 20 – making 2017 the second-worst year on record at the mid-year point, according to CNN Money. The retail sector of commercial real estate has been affected as well. Retail REITs were the worst-performing real estate investment trusts this year, the Wall Street Journal reported in June. "Although many of the department stores have closed their operations, the regional mall owners haven't been idle," he said in the interview. We took a close-up look at a couple of malls owned by mall REITs to see what’s really going on.
Source: Forbes July 13, 2017 11:15 UTC