Tom Lagos, an executive director with Institutional Property Advisors, comes on the podcast to discuss the state of the shopping center investment sales market.
Industry insiders say likely logistics companies and e-commerce operators would be likely acquisition targets.
Across the various subsectors, REITs remain on the trajectories that began in the fourth quarter of 2021 as the industry looks to a post-COVID-19 recovery.
The company reported about $3.4 billion in sales in 2019, but like most consumer-driven businesses, Fertitta’s chains were hit hard by the coronavirus.
The mall formerly known as the Fashion Outlets of Las Vegas was auctioned off this week for $1.525 million.
The deal would take the retailer through a prearranged restructuring of its debt.
Supermarkets, drugstores and bank branches have been the most reliable retail tenants through the pandemic.
One lobby group estimates 250,000 small firms are at risk of going bust.
“While we all want to protect health, we also have to fund our mandates,” says MBA’s policy head Mike Flood.