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"I've had clients buying properties sight unseen for cash" because of their rush to leave New York City, said one member of the Greater Norwalk Chamber of Commerce's "Real Estate Outlook" panel.
Owned by Brookfield Property Partners and managed by Brookfield Properties, the mall opened at a time when the so-called brick-and-mortar “retail apocalypse” had yet to feel the COVID brunt. According to research firm Reis, shopping center vacancies at the end of 2019 were their highest in 20 years, at 9.7%.