| |
T |
urbulence in the financial markets has created a crisis of confidence being felt in all aspects of American life including the shopping center industry. The decline in retail sales, |
 |
| |
coupled with the lack of credit, has caused problems for financial institutions, shopping center developers and retailers alike. With bankruptcies and store vacancies on the rise, shopping center owners are facing deteriorating cash flows and increasing rent defaults. The financial community that provided the funds to developers will be facing difficult choices as they grapple with nonperforming loans. |
| |
| |
| |
| |
| |
|
 |