Tenant Update

With its stores temporarily closed, Urban Outfitters said it will suspend the payment of rent temporarily and delay or cancel some planned new store openings.

Pennsylvania’s largest owner of enclosed malls has taken actions to strengthen its balance sheet and create $300 million in incremental liquidity.

The nation’s biggest, which had temporarily closed all of its properties, is now shedding nearly a third of its workforce.

The International Council of Shopping Centers is sounding the alarm as mandated closures create a growing and major threat to the continuity of cash flow between tenant, property owner and commercial lender.

The dominant grocer in Florida is offering assistance to some of its neighboring businesses as the COVID-19 pandemic forces them to temporarily close their doors. 

With most stores closed throughout much of the United States to help stem the spread of COVID-19, retail landlords are being inundated with requests for rent relief.

The novel coronavirus has had an unexpected result.

Art Van Furniture Inc. has entered its final chapter.