Retail Posts

The Internet Isn't Killing Malls - Better Malls Are

Fred Schmidt, CBC President & COO, recently commented on brick-and-mortar retail for a feature story in Racked. The story, titled “The Internet Isn’t Killing Malls – Better Malls Are”, explores how retailers and malls that offer amenities, high-end stores and experiences are beating out traditional shopping malls.

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Retail Renovation Spurs Construction Growth in 2016

Retail construction is leading all other property types, growing nearly 25% in 2015 over the previous year. The hard-hit retail sector is coming around, and a large portion of the building going on in retail is renovation rather than new construction. This trend is expected to continue, with estimates for retail construction growth coming in at 9% (120msf) for 2016. The added value will be about 10% ($20 billion).

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