Feb 01, 2017 - 0 Comments - Analysis -

Retail Market Update from Morningstar Credit Ratings

Lea Overby, Director of Structured Finance Research with Morningstar Credit Ratings, discuss the retail commercial property market. Included in the discussion are the anchor store closings by Macy’s and others and the potential impact on malls and the REITs that tend to own them, which affects sales and leasing trends for retail properties in Miami and Miami area cities such as Doral, Coral Gables, and others. The deterioration of malls that lose anchors is discussed, as is the different effects on more versus less well capitalized owners. Also discussed is the types of tenants that tend to replace lost anchors. This discussion is with Michael Bull on his Commercial Real Estate Show.