The number of Sears and Kmart store closures continues to escalate. Sears, which was weighed down by billions of dollars of debt and filed for bankruptcy last October, will close more stores following continued weak performance.
While the office market remains strong, conventional wisdom dictates that the later in the cycle, the more risky the investment in value-add office assets becomes. But investors are bucking preconceived notions about risk in a mature cycle, as there are currently few signs of declining office occupancy.
The New York Times looks at the collapse of Forever 21. Forbes identifies 11 upcoming trends in the real estate industry. These are among today’s must reads from around the commercial real estate industry.
