Wednesday, May 16, 2018

Ripple effect from big box blight

Real Estate Weekly
Across the country, big-box retailers are shuttering at a record pace but for landlords, that’s just the tip of the iceberg.

When a Macy’s or Nordstrom goes dark as part of a nationwide cull it continues to pay rent so landlords don’t see an immediate loss of revenue.

However, these departures create ripple effects through co-tenancy agreements, lease clauses that can allow other tenants to pay reduced rent or close completely. . . . more