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JLL's Scott Kaplan (EVP, Retail Brokerage) says that a region's stability is provided by the diversification of shopping centers, outlets, power centers and neighborhood centers.
Multiple large shopping centers, totaling over 3.6 million square feet of retail are currently getting multi-million dollar makeovers to give updated looks to outdated malls.
Manhattan Village Shopping Center in Manhattan Beach is undergoing a $150 million renovation to better serve the surrounding community. The shopping mall was originally built in the 1980s, and is a 44-acre 573,000-square-foot mixed-use center.
Executive Vice President, Southwest Region Retail Lead
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