Lenders are suing property owners falling behind on interest payments, reports The New York Times. J.C. Penney landlords are nearing a deal to acquire the department store chain’s retail business, according to the Wall Street Journal. These are...
“We are being patient with our capital, but we expect the pace of investment to increase over the next 12 months as opportunities present themselves,” said CEO Bruce Flatt.
The COVID-19 pandemic has taken its toll on office investment sales with transaction volume falling to its lowest level since the Great Recession.
In the current climate, even an Amazon distribution center might be a more palatable choice than a boarded-up anchor retailer.
