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Will J.C. Penney Be Gone After the Holiday Season?

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Maybe these are just turnaround pains, but things are not looking good for J.C. Penney. Bloomberg reports the price of the department store chain's shares fell 30 percent in the past day or so, as news emerged that it was looking for additional financing and Goldman Sachs announced it expects J.C. Penney's liquidity to be strained.

Two days ago, it was widely reported that J.C. Penney was shopping for new loans, some of which may be secured by its real estate, the retailer's one (and possibly only) trump card.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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