«The climate has really shifted since last November, which is when retailers saw their world start to collapse,» says Ivan Friedman, president and CEO of New York - based
RCS Real Estate Advisors, a retail consultant that buys leasehold interests from bankrupt retailers.
And the number of landlords who can provide current traffic counts has dropped dramatically, says Eileen F. Mitchell, executive vice president with
RCS Real Estate Advisors, a New York City - based real estate advisory firm.