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By James Slusher, Associate Director, Stan Johnson Co.National 06 June 2012 19:02
Many CRE owners have been challenged by the recent trend of big-box anchor tenants downsizing their retail footprints. Investors and developers should be mindful of retailers' new store concepts, and be critical of building size and rent projections.
Over the weekend, the giant electronics retailer Best Buy said that it will close about 50 stores out of its total of around 1,100. The announcement came not long after the sudden resignation of CEO Brian Dunn, for as-yet unclear but possibly scandalous reasons, though it seems unlikely that the two events are directly related.National 16 April 2012 12:31