The foreboding headlines are now almost a daily occurrence: "$75M Snags Foreclosed Mall, " "Foreclosed Gainesville Factory Outlets Bought, " "Center North Developer Files Chapter 11, " "Retailers Are Proceeding With Caution." News about foreclosures and distressed commercial real estate isn't limited mostly to hotels and multifamily any more. The retail sector is now playing catch-up in this gloomy race. According to research firm Real Capital Analytics, distressed retail assets totaled $75.5 million in October and $79.2 million in November.

Then, in December, that figure nearly doubled, hitting $168.1 million.

Like other sectors, retail has been hit with a brutal one-two punch, and many industry observers expect the beatings will continue into this year.

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