Retail’s well-publicized struggles are still far from over, according to Sam Zell. The chairman of Equity International Group and Equity Residential discussed the state of the industry Tuesday morning on Bloomberg Daybreak, where he described retail as “still a falling knife.” The United States has more retail per population than any other country, which has led to “an enormous number of obsolete shopping centers,” he added. Zell also weighed in on the fate of Toys […]
source https://therealdeal.com/2018/03/20/sam-zell-describes-retail-real-estate-as-a-falling-knife/
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