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Posts Tagged ‘bankruptcy’

Between Sony Pictures laying off another 450 employees in March and Movie Gallery filing for Chapter 11 again, one would find it hard to believe the entertainment industry just came off one of their biggest years ever.  But technology, maybe more so than the economy, seems to be the major impetus behind this latest round of [...]

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Retail continues to take hits from slumping spending as the “waiting” game comes to a close for many.  Here are few updates on national chains unable to ride out the storm any longer: The Walking Company On the heels, no pun intended – well maybe, of a previous post regarding the closure of many stores, The [...]

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Well-known shoe retailer The Walking Company filed for bankruptcy protection on December 7th. The retailer plans to close as many as 90 underperforming locations throughout the U.S. As part of these closures, the company is seeking court approval to reject the leases as well. If successful, The Walking Company hopes to emerge from Chapter 11 [...]

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After numerous indicators told us the second largest mall property holder was looking at bankruptcy, the trigger was finally pulled today as General Growth Properties (GGP) filed for Chapter 11 banktruptcy protection. This is the largest real estate bankruptcy in U.S. history, with around $27 billion in debt on the books. The company intends to [...]

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The next time you drive by a shopping center and notice yet another store has disappeared from the monument sign, the reason could be an exercised co-tenancy clause. Think Circuit City by Washington Square. Co-tenancy clauses are legal passages included within retail lease agreements that allow retail tenants to cancel their lease or seek major [...]

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