Zara owner Amancio Ortega has amassed real estate holdings valued at $17.2 billion, including investing more than $3 billion in U.S. assets.
A glut of excess inventory and a value-focused price point have set up deep discounters to outperform other retail sectors.
The mayor said the city would help restaurants expand their operations outdoors on sidewalks and curbside parking spaces.
If commercial real estate is one of the only distressed opportunities available, investors can’t afford to be too picky.