Long Road Ahead for Borders Landlords
Even though leasing brokers insist Borders liquidation is not going to be nearly as devastating for the retail real estate community as liquidations of Mervyns, Linens n Things and Circuit City, the loss of another big-box tenant will still put a strain on some owners.
In the commercial mortgage-backed securities (CMBS) market alone, at least 135 loans include properties where Borders currently serves as one of top three tenants, according to Trepp LLC, a New York City-based research firm focusing on CMBS and commercial mortgage information.
Eighteen of those loans are already delinquent. Another 45 have now been put on Trepps watch list for delinquency.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
NREI Interactive Products
-
Podcast
Robert Knakal on Investment Sales
Robert Knakal, chairman of New York-based Massey Knakal Realty Services, discusses institutional capital, trends in investment sales, foreclosures and delinquencies.
-
White Paper
Beyond Core Markets
As the commercial real estate sector continues to recover from the “Great Recession,” investors across the nation are ramping up their acquisition and development activity.
Videos
MBA CREF/Multifamily Housing Convention & Expo 2012 Vlogs from JLL
Check out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL.
Blogs
 |
Real Vox |
 |
Traffic Court |
 |
The Full Nelson |
Events
 |
|---|
Strategic Real Estate Investment ConferenceDate: Thursday, June 7, 2012 Click here to view more events... |
