I think Betteridge's law of headlines applies to this article. I live in Indy where the (billionaire) Simon's live, who own Simon Property Group. Their stock is currently @ 161, up 100 points over 5 years ago. Their stock has just been upgraded: http://www.businesswire.com/news/home/20140312006497/en/Fitc...
I used to live between two of their major malls for years. I could barely leave my apartment for 2 months before xmas due to traffic. They just spent millions remodeling their high end mall adding capacity and additional room for high end stores like Sacks and Restoration Hardware.
Non generic crap malls are fine. Junk stores that have generic brand cheapish clothes and the like (JCPenny) are being replaced by Amazon, but overall malls are doing fine.
I used to live between two of their major malls for years. I could barely leave my apartment for 2 months before xmas due to traffic. They just spent millions remodeling their high end mall adding capacity and additional room for high end stores like Sacks and Restoration Hardware.
Non generic crap malls are fine. Junk stores that have generic brand cheapish clothes and the like (JCPenny) are being replaced by Amazon, but overall malls are doing fine.