Mall owners Simon Property (NYSE: SPG) and Macerich Company (NYSE: MAC) continue to redevelop vacant department stores, creating substantial value for shareholders. In a recent earnings call, Simon reported that redevelopment activity is moving quickly, and in some cases, much quicker than … [Read more...] about 4.18.19: Mall Giants Continue to Redevelop Vacant Department Stores
3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
The self-storage industry is booming, while certain sectors of retail are struggling. The solution? Convert vacant retail to self-storage! Picture in your mind a 20-year-old Kmart or Walmart store, which is typically a 40,000- to 60,000-square-foot building on five acres of land. It’s set back on … [Read more...] about 3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity