27.06.2011 - Property investors face losing their shirts with strip malls
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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