Sales have often proved the biggest lure by shopping centers to consumers. However, sales of shopping malls themselves portray a hefty markdown – the kind owners and investors are not lining up for.

New leases and increased foot traffic cannot save dying malls. For example, The Mall at Stonecrest, backing the only remaining loan in BACM 2005-C1, successfully backfilled two of its anchor spaces in 2021 to beauty superstore Lisa Young and aquarium SeaQuest. 

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