Cuevas, Garcia & Torres, P.A.
contact Our Firm Today
Toll free – 877-801-4135

Miami – 305-461-9500

Orlando – 407-992-2251

Many shopping malls are struggling to avoid foreclosure

In Florida and across the United States, online shopping continues to gain popularity. For entrepreneurs who use the internet to market and sell their products and services, this no doubt comes as good news. Shopping mall owners, however, might not be as excited, especially when the threat of foreclosure has become a concern for many of them.

A mall in another state is currently struggling with approximately 30% of its storefronts vacant. There are numerous schools of thought on what has led to a decrease in shopping mall traffic in recent years. Online shopping is undoubtedly a key factor.

However, many analysts also say that the closing of major department stores such as Sears has had a significant negative effect as well. Tough times call for creative thinking and marketing strategies, to be sure. This may be why many shopping mall owners are bringing in movie theaters and amusement park rides in the hope that these types of venues will draw more foot traffic.

The good news is that there are typically various options available to obtain financial relief, whether a Florida business person owns a shopping mall or other establishment. Lenders are often willing to agree to restructured payment plans. Many business owners fall into temporary dire straits, financially, but are able to hold their ground and make a strong comeback by filing for bankruptcy protection. An experienced real estate law attorney who is also well-versed in debt relief issues can offer recommendations and provide support to any shopping mall owner or other business person who is facing financial issues and is worried about possible foreclosure.

No Comments

Leave a comment
Comment Information
The Florida Bar | 1950 American Bar Association DADE County Bar Association | 1916 Orange County Bar Association Coral Gables Bar Association American Immigration Lawyer Association

Contact Us Today. Call 877-801-4135 or complete this form to schedule a consultation with our legal experts.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Offices Conveniently Located in Miami And Orlando

Miami Dadeland Office
7300 North Kendall Drive
Suite 680
Miami, FL 33156

Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 786-362-7127
Map & Directions

Midtown Miami Office
3401 North Miami Avenue
Suite 209
Miami, FL 33127

Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 786-362-7127
Map & Directions

Orlando Office
801 North Magnolia Avenue
Suite 221
Orlando, FL 32803

Toll Free: 877-801-4135
Fax: 786-362-7127
Map & Directions

Email This Office