Vacancies threaten shopping malls’ future
Empty malls from department store closures means a challenge for investors nationwide. Shoppers in Tucson are seeing more big box stores such as Sears, Kmart, J.C. Penney and Macy’s closing down, and some local malls are suffering as a result. Brigham Stevens, an analyst for Tucson-based investors, Bourn Companies LLC, which bought the Foothills Mall last…