Hundreds of shopping malls across the country require substantial investment to stay alive in today’s market, but disagreements over how much the properties are worth — even among professional appraisers — have left many of them sitting stagnant.
Redevelopments around the country have shown that dead malls can be revived by adding a mix of uses like multifamily and hotels, but those projects have only been undertaken at a small minority of U.S. malls. Developers who want to pursue more of these projects say the appraisal process… Read the full story here. |