The weekend is here! But first, your daily commercial real estate news and updates.
Retailers are keeping expectations low for Black Friday 2016. Malls are experimenting with a number of different experiences they hope will draw in shoppers and families for the holidays.
The massive shift to online shopping that has crushed retail sales over the last decade is about to punish investors who put money into malls. Many loans that went into financing mall construction are set to refinance next year – causing a headache for investors of the struggling retail emporiums.
Despite a small upcoming spike in vacancy rates, downtown Louisville is poised for a positive future. Well-researched investors continue to pour money into recreational buildings and hotels.
The Berkshire Group has invested an undisclosed amount into commercial real estate developer Leggat McCall. “We believe that Greater Boston will continue to be an attractive market for real estate investment given its position as a world leader in higher education, healthcare, life sciences and high tech,” a spokesman for the Berkshire Group said.