Financial/Banking

One of the top nation’s top owners of necessity-based centers claims to have fared well through the pandemic-afflicted first quarter.

Sephora and J.C. Penney have patched up their differences.

Brookfield is betting five billion bucks on retailers to make it through the COVID-19 pandemic.

Asset disposition specialists A&G Real Estate partners has formed a new unit to help both healthy and distressed businesses with asset-specific dispositions, bankruptcies, and out-of-court restructurings.

In a move that was not unexpected, Neiman Marcus Group has filed for bankruptcy with an agreement that will eliminate about $4 billion of its debt and make its creditors the majority owners of its business. 

J. Crew Group has become the first major retailer to file for bankruptcy protection amid the COVID-19 crisis.

Although J Crew has been making progress in reducing its losses, the company still ended its last fiscal year $78.8 million in the red.

So many property owners and their tenants are struggling to stay in business, let alone cash-flow positive, through the COVID-19 crisis.