Natick Mall Loan Transferred to Special Servicer
Natick Mall’s debt was transferred to a special servicer and faces the potential loss of dozens of tenants with imminent expiring leases.
Fall Opening for Neiman Marcus-to-Pickleball Conversion in Natick
A 21-court pickleball complex, restaurant and two bars are slated to open this fall at the Natick Mall’s former Neiman Marcus store.
Report Tracks ‘Catastrophic’ Increase in Delinquent Hotel, Retail Loans
CMBS delinquencies have seen big spikes in the Springfield area but largely spared the Greater Boston commercial real estate market so far amid a surge in COVID-19 pressures on the retail and hotel sectors.
US Retail Sales Plunged a Record 16 Percent in April
U.S. retail sales tumbled by a record 16.4 percent from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy.
Neiman Marcus Files for Bankruptcy
Neiman Marcus, the 112-year-old storied luxury department store chain, has filed for Chapter 11 bankruptcy protection, the first department store chain to be toppled by the coronavirus pandemic.
Flood of Business Bankruptcies Likely in Coming Months
The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court.
Trouble in Store
The shutdown of huge swaths of the economy due to the coronavirus emergency has put every part of retail, from department stores and luxury brands to mom-and-pops under siege.
