The fate and future of the retail sector and the real estate in which it operates is never too far from the minds of business owners in Michigan. Our journalistic associates at www.BridgeMI.com in Lansing recently took a deep dive into the questions surrounding retail's future, occasioned by the impending bankruptcy of Bed Bath & Beyond, a national chain with about 20 stores still operating in Michigan. A surprisingly optimistc view of the retail future came from a couple of shopping center owners in Southeast Michigan certainly a very different picture than what appears to be playing out here in Southwest Michigan amid empty retail space in Benton Township shopping centers. For perspective, we offer here the full story, as first reported by the nonprofit, nonpartisan newsroom at www.BridgeMI.com and their Business Editor Paula Gardner: Investors are nervously watching Bed Bath & Beyond as the value of the home product chain which had about 1,000 stores and 32,000 empl
The state’s outdoor shopping centers won’t have to deal with vacancy for long if big-box stores file for bankruptcy, said Chris Brochert, managing partner at Lormax Stern.
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