California's Inland Empire's status as one of the nation's leader in foreclosures has fleeing retail as proof of it. This article offers a glimpse in this "land of extremes."
"'The Inland Empire is one of the most acute economic areas in terms of the downturn, specifically because of the foreclosures. Starbucks, like every other retailer, has been hurt from that,' Chief Executive Howard Schultz told Reuters in a recent interview.
When Starbucks announced last year that it was closing 600 U.S. stores, the Inland Empire was home to a quarter of the 88 California outlets on the hit list. And the final count could be even higher than that when Starbucks identifies an additional 200 U.S. cafes slated for closure."
"After growing at one of the fastest rates during the boom, the area that encompasses both Riverside and San Bernardino counties is in the grips of one of the nation's most severe reversals.
'You take a place like the Inland Empire and everything is just more extreme,' said Katie Schnidman, a real estate economist at Property & Portfolio Research Inc in Boston."
FULL STORY: Starbucks Feels Pinch as California Inland Empire Ebbs
Traditional Retail is Hanging by a Thread. What Now for Cities?
After Kaid Benfield paints a rather grim retail outlook — where even retail bastions like San Diego are going dark — he suggests a series of actions for city leaders and planners.
DC Announces ‘Office to Anything’ Adaptive Reuse Program
The program complements an existing residential conversion initiative and could yield up to 2.5 million square feet of new commercial space.
Shifts in Shopping: Transforming Malls Into Parks
Maybe zombie malls still have a second life — one with a little greenery.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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