Austin

It's either auspicious or ironic: decades after other retail industries, health care is coming to the mall. These are not, generally, good days for the malls. We've all seen strip malls that were never finished or that have simply fallen on hard times, but in recent years those stalwarts of American shopping -- enclosed malls -- are sharing that fate. Credit Suisse says that 20-25% of the 1,100 U.S. malls will close over the next five years. Analysts talk about "zombie" malls, whose anchor tenants -- like Sears, JC Penny, or Macys -- have pulled out, creating an exodus of other tenants. The malls themselves still stand, but their largely deserted storefronts and scarce shoppers mean they're dead but they don't know it...

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