Bad News

Dated: May 3 2018

Views: 985

The bad news for retail marches on: Sears is closing 103 stores, Walmarts sams club plans to shutter 63 stores, macys is closing 11, and J C Pennyis closing 8, according to CNBC, and in March, Toys R Us, the nation leading toy retailer, said it will go out of business entirely, closing more than 700 stores across the U. S.  Make no mistake that the avalanch of e-commerce and evolving consumer market is knocking the tradiyional Brick-and-marter business model to the ground, taking commercial retail real estate with it.N ew Jersey is not immune. The exodus of major retailers has left growing vacancies and many traditional malls, strip centers, and smaller retailers that counted on big-box anchors to drive traffic struggling to stay afloat, What will become of these properties? Do they have a chanch of being filled? What kind of tenants could make the properties internet-proof? And is there an upside to any of this?.

Latest Blog Posts

Question Of The Year

When should you sell your New Jersey home?Sometimes life changes — expected or not — can require selling during a slower month or time of year. That's ok! The most important factor in

Read More

Come Support Local Theatre Kids

The Sun Will Come Out Tomorrow!Come see Stafford Township 6th Graders in Annie, Jr.  These kids have been working hard the past few months in rehearsals and are ready to show off all their hard

Read More

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 011620220120232022

 Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 01/16/2022-01/2023/2022Long Beach Island Real EstateLBI Real Estate Weekly Sales Update 01/16/2022-01/2023

Read More

Tastiest Wings On Lbi

So you have heard of Buckelews and of course the CHEGG (The Chicken or the Egg)....BUT....Have you heard of the Arlington?  The Arlington has a more limited menu but the food is  

Read More