Where Service Is State Of The Art

Demolition has finally begun on the giant red tiled square entrance to the Circuit City in the local shopping center. I think that we can take this as a sign that the recovery is on firm enough ground to encourage retail real estate investment again.

This shopping center is owned by Westfield. I wonder if they are gearing up to do battle with Blackstone’s acquired Centro properties?

Shed a tear for the passing of the decade of Australian dominated US retail space. Instead of owning it all they’ll only own half.

On a related note, Wal-Mart has plans to open a ton of new stores in San Diego. They can’t all be huge and I’ve head a rumor or two that they are keen on bringing Wal-Mart Express stores to California. The expected 20,000 square feet of such stores fits nicely with the footprint of the vacated Circuit Cities all across the state.

Hmm.