Deals

Stein Mart’s buyout cancelled

Stein Mart’s plan to go private has been derailed by the COVID-19 pandemic.
Grocers purchase 10 store leases from bankrupt Earth Fare chain
Big Lots raises funds with sale/leaseback agreements for DCs

Big Lots Inc. has entered into sale and leaseback agreements on its four company-owned distribution centers.
Greenspan joins A&G as a managing director

Douglas A. Greenspan, a real estate veteran with broad experience in bankruptcy and restructuring cases, has joined A&G Real Estate Partners as managing director.
10,000 tune into Marcus & Millichap coronavirus webcast

Here’s how the coronavirus-caused economic plunge is different from 2008.
NYC leasing agent: 40% of shutdown businesses won’t re-open

One retail leasing agent in New York foresees bleak consequences in the aftermath of the coronavirus pandemic, with retail vacancy rates hitting 50%.
Kimco puts $800 million cash on its balance sheet to ride out the pandemic

One of North America’s largest publicly traded owners and operators of grocery-anchored centers and mixed-use assets has girded itself against coronavirus by obtaining a $375 million unsecured term loan.
Walmart reportedly puts efforts to sell Asda on hold

Walmart’s ongoing efforts to sell a majority stake in its U.K. supermarket chain ASDA may have been put on the back burner for the time being.

Reuters: Lord & Taylor considering bankruptcy