Saying its lenders were unable to extend terms on a loan set to mature this week, supermarket chain Bi-Lo LLC here filed for Chapter 11 bankruptcy protection on Monday. The filing comes only weeks after a former sister chain, Bruno's Supermarkets...
Pier 1 had said last month it was looking to reduce store rents in talks with landlords and that it might execute early termination agreements for up to 125 underperforming stores if negotiations were unsuccessful. On Friday, Pier 1 said initial...
CoStar has a rundown of the latest Korpacz Real Estate Investor Survey and combines that with their own data to conclude that cap rates--already up--will continue to rise over the next 12 months. ...
Bloomberg has a long write-up on banks increasingly facing defaults on commercial property. Meanwhile, it appears the opening...
It was another long weekend for General Growth. But it appears the company has extended a deadline with bondholders. ...
Update: A Reuters report indicates ...