| Seventeen U.S. shopping malls put on the block by Australian mall owner Westfield Group have attracted multiple early bidders in a closely watched sales process that will shed light on the value of mediocre malls amid the slow economic recovery.
While values of some property types like apartment buildings and office buildings in top markets are beginning to approach peak levels, investor appetite for retail property has been more subdued. The growing influence of online sales and the fallout from decades of overbuilding has made many retailers cautious about expansion in the U.S...............................................Full Article: Source
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