Perhaps the most important consideration is that these retailers are a hedge against impacts beyond landlord control including chain store consolidation, and those chains were already having difficulty, says David Greensfelder.

Lissette Calderon wants to build a 12-story multifamily building with 237 units near Miami's medical and criminal justice hubs.

The number of total construction projects breaking ground increased 3 percent in May to $595.1 billion.