As largest mall landlord in the US sheds its malls, CMBS holders, such as bond funds and pension funds, take the losses.
Inventories at retailers document this mess.
Welcome to Fed’s New World of Inflation.
Opening weekend ticket sales in 98th place, but streaming revenues hit it out of the ballpark.
The recovery as it were, after everything went to heck but didn’t.
Retailers willing to battle ecommerce will find “ample availability” – shuttered stores dotting the sidewalks – and much lower but still very high rents.
How messed up the economy has become, fueled by government moolah and Fed manna, when nothing and no one was ready for it.
Americans are having to pay more to get less.
The brick-and-mortar meltdown for mall landlord started years before the Pandemic. For WPG, it started in 2016.
Government gives consumers Free Money, retail sales spike. Free Money peters out, retail sales sag. Welcome to the new normal.