Although the future of commercial real estate remains murky, current operating conditions are crystal clear: There is very limited capital, extremely tighter underwriting, shrinking net operating incomes, shrinking space demand and declining property values. For companies today, that means leaner and more efficient operations and more focus on tenant retention rather than tenant attraction. By Mark Heschmeyer (click here for full story)
Weekly CRE Update, December 20th
Belmont Park Village, a new luxury outlet mall on Long Island, is offering designer items