Long Island is recovering as we head into the holiday retail season, although it’s hard to say what the new normal will be and what will happen in the winter.
Justice, the clothing and accessories store for pre-teen girls, has closed all three of its Long Island locations.
Shopping season outlook: Will economic uncertainty soften holiday sales?
Koenigsberg finds the shopping centers that are losing their tenants, where the vacancy rates are high, that are mismanaged, and in serious need of an upgrade. Then he’ll dig deeper. Perhaps the partners no longer get along and want to sell the property, or the center is in an estate sale or a divorce proceeding. He checks out the locations and sees if he and his partners can maximize the value.