If Sears liquidates, it would flood the market with about 1 million sq. ft. of vacant retail space, serving as a damaging tipping point for weaker malls.
Sears’ creditors will argue in court whether Lampert stripped assets from a failing business and if the money transferred out of their reach prior to bankruptcy can be recovered.
Minutes from the Federal Reserve meeting indicate continued interest rate increases, reports the Wall Street Journal. Dallas Morning News looks into whether the Dallas-Fort Worth market can support all the new apartment construction planned for this year. These are among today’s must reads from around the commercial real estate industry.
