January 11, 2013
Redevelopment of the buildings is a more profitable option for property owners, said Richard Green, director of the University of Southern California's Lusk Center for Real Estate in Los Angeles.
"Today, almost certainly it's not the highest and best use of a property to house a newspaper," Green said in an interview. "In high-barriers-to-entry markets, like Boston and nowadays Miami, building a new residential or mixed-use development instead will be a very good play."
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