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CNBC Television Retail bankruptcies are rising - What it means for commercial real estate

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🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Naveen Jaggi, Jones Lang LaSalle, on what a rash of retail bankruptcies means for commercial real estate firms. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso. Subscribe to CNBC PRO for access to investor and analyst insights on retail and more: Lenders for J.C. Penney want bidders to raise their offers as they vie for the bankrupt retailer, according to a Bloomberg report. The bids under consideration aren’t close enough to the about $2.2 billion of debt the lenders hold after Penney filed for bankruptcy in May, according to the report. It cited people familiar with the matter, who said they couldn’t be named because the deals are private. The earlier proposals were about $1.8 billion, according to the report. There are three separate bids being considered for the department store’s real estate and other assets, the company’s attorney Joshua Sussberg of Kirkland & Ellis said during a court hearing in late July. He did not disclose the names of the bidders or say which offer had been chosen. The bidders are private-equity firm Sycamore; mall operators Simon Property Group and Brookfield Property Partners, which are making a joint bid; and Saks Fifth Avenue owner Hudson’s Bay Company, a person familiar with the talks previously told CNBC. Penney declined to comment. Representatives from Sycamore, Brookfield, Simon and Hudson’s Bay weren’t immediately available to comment. Penney was struggling even before the coronavirus pandemic, as consumer shopping habits changed, pushing more sales online and away from department stores. But being forced to have its stores closed for an extended period of time was the final blow for the debt-laden company. The department store has been trying to renegotiate lease terms with its landlords and plans to shut about 150 locations and lay off about 1,000 workers. At the time of its bankruptcy, Penney employed roughly 90,000 full- and part-time workers. The report said a bid that saves jobs could be preferable to one that would result in mass layoffs and store closures even if the offer isn’t the most valuable proposal. It cited a 2019 decision to allow former Sears CEO Eddie Lampert to buy Sears Holdings as an example of how that could factor into the process. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: For info on the best credit cards go to CNBC Select: #CNBC #CNBCTV

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