#291839 - 05/23/0906:24 PMRe: Las Vegas ICSC
[Re: El Luchador]
super realtor
Major Contributor
Registered: 05/01/05
Posts: 7237
Loc: georgia
Nope. There was one in Atlanta last year. That was when the market was starting to turn downward. Target announced at the time store openings were going from 121 expansions to about 79. Wal-mart was dropping every 2 out of 3 site locations they had chosen.
I am mainly on the land development side and very little is moving. The down payments banks want from developers to do a loan is to much. The cash players want to much of a deal and landowners are saying they will wait out the storm.
There are a few projects now Publix has committed to but the developers are waiting for the credit market to thaw so they can get the next round of construction loan funds at reasonable terms where the project is still viable.