Retail Property Market Gets Boost from Housing Recovery, Strenthening Local Economies

Don't look now but the humble drug- and grocery-store-anchored neighborhood shopping center -- beaten up during the Great Recession as local communities lost jobs and spending power -- is making a comeback. With more housing bust markets like Phoenix, Las Vegas, the Inland Empire and Sacramento continuing to gain jobs and economic strength, retailers absorbed about 13 million square feet of neighborhood and strip shopping center space in 2014...



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