Real Estate

How Is The Mall Going to Stay Alive?

The concept of a shopping mall started in the United States. And that seems to be the first place they are perishing. The landscape of America is dotted with deserted malls, some in shambles, and places that are less than half of their former selves. Westfield Group is an extremely large real estate company that owns malls, and one that has not had to shutter many during this ‘mall-crises’. Peter Lowy is the CEO of Westfield Group. And he says that the mall has to “become a hero”.