Simon Property Group’s intention to make southern New York properties like the Woodbury Common outlet center part of its mass mall-reopening got postponed.
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.
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.
The ASHRAE Epidemic Task Force is providing guidance on mitigating potential health risks during the reopening of buildings closed during the COVID-19 pandemic.
Kohl’s Corp. is the latest retailer to announce significant changes to its stores as it begins to reopen locations that were shuttered during the pandemic.
With some governors lifting stay-at-home orders across the country, economic recovery from the COVID-19 pandemic is likely to come gradually and may vary by location.
CVS Health reported surging earnings and revenue above Wall Street estimates as customers stockpiled medications and other essentials ahead of the spreading COVID-19 pandemic.
