CHICAGO—One of the most striking changes in the US economy inthe past few years has been the astonishing rise of e-commerce and its devastating impact on manytraditional retailers. But even as venerable companies such asJ.C. Penney and Sears havegenerated headlines by closing hundreds of stores nationwide, others seemimmune to internet competition, and that has kept many investorsinterested in the sector.
“I've been in the business for 25 years, and this is as activeas I've seen it, despite all the negative press coverage,”Richard A. Frolik, Oak Brook, IL-based executivevice president of CBRE, tells GlobeSt.com. In2016, CBRE's Midwest team handled just over $1 billion in retailtransactions. Year-to-date, they have already hit $881 million.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
