Rest of Year Isn’t Looking Good for Retail-Property Market
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Shopping-center owner Sandy Sigal groaned when he found out that the bankrupt home-goods retailer Big Lots was closing its location at his Whittier, Calif., strip center. “In today’s slowdown, as good of a location as this is, it’s taking longer,” said Sigal, who is chief executive of shopping-center owner and developer NewMark Merrill Companies.
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