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May.Jun.16

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Cover Story

Big Box Breakup

Retail experts puzzle out shrinking store footprints and excess space.

As the economy has recovered, many in the retail industry were hoping to leave the deluge of store closings in the rearview mirror. Yet those objects are definitely closer than they appear. Despite the fact that the retail sector has once again found solid footing, retailers are continuing to shed excess stores, creating a steady supply of empty big box space.

Instead of declining, store vacancies have actually accelerated in recent years. U.S. retailers and restaurateurs closed 5,866 stores in 2015, which is up about 7 percent over the 5,483 stores that closed in 2014, according to a joint report by the International Council of Shopping Centers and PNC Real Estate Research. Cushman & Wakefield is estimating that store closings could rise even higher this year to reach 6,200 units.

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Feature

U.S. Hotel Market: An Overview

Demand is high and fundamentals are strong — for now.

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Feature

Independents’ Day

Small size matters, so does flexibility, agility, and personalized service.

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Feature

Striding Toward Equality

Women have made enormous inroads in commercial real estate by focusing on their skills, natural strengths, and networking

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Feature

Borrowers Beware?

Financing conditions tighten as lenders face more-stringent regulations.

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Column

Cultivating Connections

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Column

Workforce Benefits

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Column

Career Changer

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Column

Competitive Conundrum

Net lease developers can thrive with the right capital partners.

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Column

Retail MOBS

Mall medical offices challenge leasing conventions.

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Column

Chasing Value

Change in tax law for REIT spin-off deals sparks creative solutions.

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Column

Risky Business

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Column

Fond Farewell

CIRE executive editor Sara Drummond is retiring after 22 years of writing and editing for the magazine.

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Department

Market Trends

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Department

Regional Outlook

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Department

International Beat

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Department

Deal Makers

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Department

Acquisition Master

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