It’s been a weird decade for commercial real estate, to say theleast. Retail was no exception.
Before the crash of Lehman Brothers, we saw people flooding theannual International Council of Shopping Centers conventions in LasVegas who had no business being there in the first place.Developers built lifestyle centers in locales that didn’t needthem. Same-store sales were sky high for retailers that ended upnot existing anymore. The flow of lattes seemed endless.Blockbuster existed. It was if there would be no end to the moneyflowing into the industry.
Of course, much like the tech boom, it ended.
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