1. Analysts say the opportunities for regional mall development are shrinking because of a shortage of large, well-located sites. 2. And why is the privately held Center Services developing a project in a downtown New Rochelle location that has been losing retail customers to regional malls for years? 3. As for the timing of the proposed transaction, Karp cited the robust economy and the maturity of the regional mall business. 4. Because of the problems, most analysts are not yet spewing out strong buy recommendations for any of the regional mall REITs. 5. But analysts said most regional malls were not heavily dependent on rent revenue from movie theaters. 6. Chick-fil-A had made a target of the new regional malls but met resistance. 7. Competition became more intense, shopping shifted away from regional malls and customers began putting a premium on good service, which was never a Petrie Stores strength. 8. Goldsmith, a real-estate guru, expanded the chain into the regional malls opening throughout the U.S. 9. In Easton, a city sapped by regional malls and then slighted by absentee landlords, the vacancies have looked especially forlorn. 10. In many regions, shoppers may find over the next decade that they will have to drive to super regional malls serving a huge swath of suburbia. |