JCPenney has added a pair of stores to its list of permanent store closures. The retailer confirmed to USA TODAY that the Greenwood, Mississippi and Baytown, Texas stores will soon close and are holding liquidation sales. The Mississippi store is scheduled to close Oct. 24 and the Texas location on Dec. 5. The department store […]
When it comes down to it, WHO is really responsible for a pandemic? Tenants, landlords and insurers are now battling over who is responsible for covering losses incurred during temporary closures. As they continue to grapple with the economic fallout from the coronavirus pandemic—and wait for further federal relief—commercial real estate tenants may increasingly sue […]
The Real Estate Board of New York is rallying the city’s business leaders to fight a plan to impose commercial rent regulations on landlords. Councilmember Stephen Levin last week introduced a bill that would create a City Council-appointed board not unlike the Rent Guidelines Board to set annual lease increases on retail, professional service, and […]
Well, it’s fire season again and the Golden State is ablaze once more. When the smoke clears, things tend to get pretty legal too. For example, two wildfire victims are suing California’s top insurance regulator, alleging the state failed to protect Californians from unscrupulous, out-of-state adjusters working illegally in California who mishandled claims. According to […]