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

Started by riky, July 07, 2008, 07:41:56 AM

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riky

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

 



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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