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Malls getting mauled, but there's money to be made

Ageing, tired malls in the US are losing both kingpin and smaller retailers. Garrick Brown, director of retail research for the Americas at Cushman & Wakefield, expects 9,000 retailer closures this year. Next year, there could be as many as 13,000.

New York

REAL estate funds, market stars since the financial crisis ended in 2009, have faltered, dragged down by the closing of big stores at malls across the United States.

The unanswered question now is whether investors in malls can successfully adjust to a threatening...

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