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Real Estate Briefing - Categorized | Commercial property Watch, Investment, Market Moves more

Property investors face losing their shirts with strip malls

Posted on 27 June 2011

The recent strip-mall rally may not have legs. The past two years have seen valuations of “strip” shopping centers soar. The sector was hit harder than most commercial property during the 2008-09 financial crisis, as bankrupt retailers shut and survivors scaled back expansion plans.
But after bottoming in 2009, strip-center valuations have jumped 45% and are now just 10% below their 2007 peaks, according to Cedrik LaChance of Green Street Advisors………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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