Bankruptcy
Rite Aid Shuts Doors Nationwide After Second Bankruptcy
Rite Aid has officially closed all of its remaining stores following two bankruptcies within two years. The company announced that all locations have now shut their doors, while assuring customers […]
Read More....Joann to Close 500 Stores Nationwide Amid Bankruptcy
Struggling fabric and crafts retailer Joann plans to shut about 500 stores—over half of its U.S. locations—amid ongoing financial challenges. The Hudson, Ohio-based company, which filed for Chapter 11 bankruptcy […]
Read More....How Retailers’ Chapter 11 Filings Will Impact Commercial Real Estate
Retail bankruptcies have led to increased vacancies in shopping centers and malls across the U.S. In some areas, new tenants have quickly filled these spaces, often at higher lease rates. […]
Read More....Retailers Say More Store Openings Than Closings in 2023
On December 19, 2023, at 1:34 P.M., the retail landscape experienced a notable shift after a two-year period of relative calm on the bankruptcy front. In 2023, the industry was […]
Read More....Bed Bath & Beyond’s Bankruptcy Puts Distribution Space at Risk
Bed Bath & Beyond’s recent bankruptcy filing has significant implications for the retail property sector, now that the company has announced plans to close its remaining 480 stores across North America, including […]
Read More....Change to the Bankruptcy Code Protects Landlords
Let’s look at how a temporary change to the bankruptcy code protects landlords. The Consolidated Appropriations Act of 2021 (CAA), signed into law on December 27, 2020 provides money for […]
Read More....Bankruptcy Provisions in Commercial Leases
Let’s examine what you need to know about bankruptcy provisions in commercial leases. Each property is unique and every relationship has its own contours that will drive the path of […]
Read More....When Your Commercial Tenant Files for Bankruptcy
When a commercial tenant files for bankruptcy is not often a surprise to its landlord. Rent payments may arrive late, financial covenants may be missed, and the tenant may become […]
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