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Frank S. Romeo Jr.

With the first official day of the holiday shopping season right around the corner, property owners are waiting to see how Black Friday sales will impact their retail investments.  While brick and mortar store closures make the headlines, retail store openings have actually increased in the past year. A study by the International Council of Shopping Centers (ICSC) predicts a 3.8 percent year-over-year growth in retail holiday sales. The ICSC study also says 91 percent of shoppers plan to shop at brick-and-mortar stores during the holiday season.  Nonetheless, it seems that investors are cautious when it comes to investing in or placing debt on many retail properties.

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