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Article: New retail space vacancies allow market invasion. (Special Report: Real Estate) (Industry Overview)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 27, 1992
- Author:
CopyrightCOPYRIGHT 1992 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Most former Buffums locations find new occupants
At least half a dozen major Southland retailers went bankrupt during 1991, leaving behind dozens of empty stores. Many of these vacancies have since allowed out-of-town retailers to penetrate the Los Angeles marketplace, while others have been filled by local retailers looking to expand.
These new vacancies are "giving national retailers a chance to come into the marketplace and open several locations at the same time," said Mark Einbund, retail leasing representative at the Westside office of real estate brokerage Grubb & Ellis Co.
Einbund said Austin, Texas-based Bookstar was one example of a retailer ...