The practice of renegotiating rent is older than selling Thanksgiving turkeys as loss leaders, but there is a relatively new, ugly wrinkle to the game.
Retail space asking rents plunge as landlords try to fill scores of vacant shops. Charts by shopping corridor.
Greed and scheming dominated the five deals: SHO, the spinoffs of Orchard, Sears Canada, Lands’ End, and the putrid Seritage deal.
How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall.
The financial world has gone nuts.
Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data.
Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
“I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
WeWork landlords in America are likely to learn: In a down market, they’re all going to be partners, voluntarily or otherwise.