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Phoenix & Southwest  + Southwest  + Retail  | 

$47.5B in Mall Debt Coming Due

If the retail sector didn’t already have enough to worry about with fickle consumers, online shoppers and a less-than steady economy, data from Bank of America Merrill Lynch reveals a new concern. Analysts say there’s roughly $47.5 billion of loans backed by retail properties set to mature over the next 18 months.

When mall owners factor in the tighter CMBS market, the sector sets up for a rough stretch ahead.

Refinancing or negotiating loan extensions for assets will be troublesome. That’s because lenders are pulling back as a result of unease about how shopping centers can compete with online shopping, which is accelerating the separation of winners and losers.

Expect to see continued bleak earnings forecasts, more bankruptcy filings, and hard hits ahead for dated malls or tertiary markets.

Read More at Bloomberg


Inside The Story

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.