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Mall Good Things: NKF’s Thomas Dobrowski on the Future of America’s Shopping Malls


Commercial Observer spoke with Thomas Dobrowski, a vice chairman at Newmark (NMRK) Knight Frank, about shopping malls — specifically, which ones are safe and who’s investing in them right now.

0:25 – Class A malls versus all the rest.
2:08 – How many anchor tenants a mall needs today to effectively serve the needs of its community.
3:04 – Tracking valuations and cap rates from last year.
4:15 – The malls that came out of the financial crisis and whether investors are making long or short bets on them.
5:37 – Who’s buying malls right now?
7:37 – How many malls Dobrowski visits on a yearly basis.


Berdon LLP, founded in 1917, is one of the top 40 accounting and advisory firms in the U.S. With more than 400 professionals and staff, Berdon provides its clients with an array of accounting, tax, financial, and management advisory services. Through its specialized expertise and a team of more than 100 CPAs and advisors, Berdon’s Real Estate Practice advises many of New York’s — as well as the country’s — prominent real estate entities and is one of the largest Real Estate Practices in the nation.