Malls and main-street shops, bastions of community commerce, were already under pressure after two years of weak retail sales, rising property taxes and the shift to e-commerce.
Only one-third of Americans would feel safe shopping in a mall after store re-open, a recent survey shows.
The private equity firm has filed a court complaint that Victoria’s Secret parent L Brands has violated covenants of the purchase agreement.
For assets leased by essential service providers, the cap rates haven’t changed, says one market insider. “But if there’s any kind of hair on the deal… it’s not doing well.”
COVID-19 has revealed a key weakness in discount retailers’ playbook: almost no e-commerce.
The White House hasn’t provided a full accounting of where the money went or the logic determining who got it.
MP Securitized Credit Partners posted a net return of 47.9 percent in March in its $162-million flagship vehicle.
McDonald’s is likely to take a big hit on income in 2020. But owning its real estate empire should be a big help.