Good morning, readers.
We're closing out the week with a breakdown of the numbers behind commercial real estate distress in the U.S. going into 2023. It's not a particularly pretty picture, with more than $10.3 billion in value evaporating since the onset of the pandemic among a sampling of properties experiencing some measure of distress.
Meanwhile, Macy's is making some serious changes to its strategy as it considers smaller space outside the traditional shopping mall.
Read on to learn more…
