Mall Vacancies Hits 6-Year High

A simple Google search of “malls in default”, “mall closing”, or the evergreen “retail apocalypse” will result in a bleak list of dozens of mostly midwest and western-USA newspaper and journal stories with headlines like Rushmore Mall facing foreclosure, $100M in upaid loads or Another one bites the dust and Metro area mall headed for a foreclosure sale as owner faces default on $200M loan

But a casual drive to your local Sears or Dillard’s (or the place where they