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Dessert shops and other prepared food sellers are less in need of, and can less justify asking for, rent relief than soft goods and other nonfood retailers.
Five SaksWorks locations will open next month in New York and Saks has indicated plans to expand the concept to Los Angeles, Seattle, Philadelphia, and Boston.
The headlines are painting a scary story about outward migration from California, but experts at GlobeSt.com Multifamily conference last week are still bullish on the state.