NEW YORK — The economy may have pulled out of the recession, but the retail real estate world is still in crisis.
Many projects at the 2009 International Council of Shopping Centers National Conference and Deal Making were also shopped around last year, an indication that certain properties are having trouble finding tenants. Leases are reportedly taking longer to execute. And the concepts looking to expand most aggressively are perfect for the economic doldrums — dollar stores, off-price or fast-fashion — even as brands such as Michael Kors, Tory Burch, Seven For All Mankind and Vince search for store sites as well.
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