The building boom has slowed, but that's not all bad news for supermarkets
“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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