Thursday, May 14th, 2020
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As the US economy reopens one big question remains: Will consumers go back to their previous consumption patterns? While it’s too early to definitively predict, there are some positive signs on the horizon.
Simon Property Group voiced some optimism in its recent quarterly report where it shared some observations regarding consumer patterns as it reopens its shopping centers.
As of May 11, the company has reopened 77 of its US retail properties with plans to reopen roughly half of its US portfolio within the next week, Simon Property Group CEO David Simon said during its earnings call.
So far, shoppers’ response during mall reopenings have been positive, Simon noted. Sales in the malls have also been better than initially expected, he added.
As the commercial real estate company reopens shopping centers, it is beginning to develop a profile of U.S. consumer behaviors post-coronavirus shutdowns. Generally, the suburban areas outside of
The seller of this huge brick building in Claverack, NY, is Mihail Chemiakin, a Russian artist. His sculptures and other works of art dot the property.
A home that was the studio of an exiled Soviet artist, the residence of college presidents, and a home for boys is on the market for the first time in more than three decades.
“It’s basically a bunker. I mean, even in the interior, walls are brick, so the structure is quite sound,” says the listing agent, Alan Weaver.
“It’s quite a sound building, but it is a shell—there’s no