Thompson Coburn partner Adam Toosley recently explored commercial real estate trends impacting distressed malls in an article for Construction Executive. In his article, Adam highlights the key factors driving the decline of shopping malls and examines the potential implications for construction companies.
“For decades, the shopping mall was a symbol of prosperity and a social place for people to congregate,” writes Adam. “However, shopping malls, especially larger indoor malls, have been facing a steady decline for decades.”
While some financial indicators have offered hope for mall owners in recent years, Adam cautions that the downward trend may persist in both the short and long term. From a legal perspective, he notes, transactions involving distressed malls pose unique challenges in areas such as due diligence, title clearance, and zoning compliance.
Read the full article here.