Reuters: Retail property 2nd-qtr worst in 30 yrs: report

[chris]

Retail property 2nd-qtr worst in 30 yrs: report
      

NEW YORK (Reuters) - U.S. store closings and cutbacks turned the second quarter into the worst for strip mall owners in 30 years, as budget-conscious consumers flocked to low-cost warehouse-style grocery centers, according to a report by real estate research firm Reis.
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