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Architects and real estate experts see potential to convert some or all of the 1970s glass office towers to other uses. But there is no easy solution.
The financial woes of two large New Jersey-based retailers could pose some challenges for landlords.
In his nearly 50 years in retail real estate brokerage, Jim Bieri, founder of the eponymous Detroit-based firm, has seen the highs and lows of the industry.
Books-A-Million withdraws from Borders bid (0) Customers make their way to the entrance of Borders Bookstore in Creve Coeur, Missouri on July 18, 2011. UPI/Bill Greenblatt | License Photo ANN ARBOR, Mich., July 27 (UPI) -- U.S. bookstore chain Books-A-Million Inc. said it has dropped its pursuit of 30 outlets it intended to buy from Borders Group Inc. "We worked exhaustively in an effort to acquire these stores and reach agreements with all of the parties whose consent was necessary. Unfortunately, we were unsuccessful," Books-A-Million Chief Executive Officer Clyde Anderson said in a sta...
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No fewer than 20 nationally known retailers have recently filed for bankruptcy.