With major retailers continuing to announce store closings nationwide, these are definitely challenging times for the retail real estate sector. As Amazon continues to expand and other online retailers begin to take off, traditional retail is expected to take an even greater hit than it’s already seeing…
Last summer, Macy’s chairman Terry Lundgren famously described the glut of retail property in the U.S as “ridiculous.” Indeed, the U.S. currently has the most retail space per capita of any country–with no close second. While numbers vary widely, the U.S. reportedly has…
The story of brick-and-mortar retail’s demise has been a popular narrative both far and wide. The recent spate of nationwide store closings and bankruptcies from well-established brands have caused some…
Lake Success, NY Schuckman Realty is a full-service commercial real estate firm serving New York City, including the surrounding tri-state area, Long Island and New Jersey. The company was formed nearly four decades ago in the late 1970s when the retail shopping center business was still in its defining stages. Its founder, Stanley Schuckman, was one of the first…