“Build it and they will come” may have been the motto for many shopping center developers this decade, but it's a whole new ball game now. With the credit crunch making construction loans onerous; the housing crash cooling off previously hot markets; and the consumer spending slowdown dooming small-shop tenants, once high-flying commercial real estate developers are taking hard hits from the souring economy. Ultimately, observers say, this will mean fewer new supermarkets, with particular ...
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