Will 2009 Be the Year Valley View Center Goes Bye-Bye? Hope Not.
[CB Richard Ellis] research manager Steve Triolet says a lot of retail space was delivered in 2008. That, combined with retailers likely to declare bankruptcy in early 2009 will mean negative absorption. The retailers that are hanging on through the Christmas holidays now are likely to be gone in February and March of 2009, he adds.Another sector to keep an eye on: apartments. --Robert Wilonsky
"The malls will be particularly vulnerable," he explains. "Valley View [in Dallas] lost both Macy's and Dillards as anchors. When you lose big anchors like that, it's hard to replace them, especially in these times."