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Retail Casualties Predicted to Rise

Don’t be surprised on a long drive to find a strip mall or two abandoned along the highway, flamboyant signs askew and the empty parking lot looking eerily reminiscent of the 1980s, when commercial foreclosures and savings and loan failures were rampant. It’s not farfetched to anticipate a slew of mall closures, says Victor Calanog, director of research at New York data firm Reis. “I think we’re seeing it right now. We’re seeing a lot of properties in distress. I think a lot of malls will go dark.” Despite the differences in performance between regional malls and ...

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