February 9, 2012

Desolate malls, empty offices may come soon

Desolate malls, empty offices may come soon

A faded sign advertises several retail spaces for lease at a shopping mall in Fontana, California. Over the next several years, failed commercial real estate loans could litter U.S. cities with empty stores and offices and cause hundreds of bank failures, a watchdog report says.





United StatesCommercial propertyReal estateBank failureBusiness