Real Estate/Development
Jun. 24, 2011
Empty Stores Present Legal Quandaries
A recent spate of bankruptcies of major big box retail stores has proven challenging for real estate lawyers trying to fashion new leases for the empty outlets because different types of businesses are trying to fill the voids.
Daily Journal Staff Writer
Borders. Blockbuster. Mervyn's. Circuit City. Linens 'n Things.
The recent bankruptcies of those and other major chain retailers left a trail of shuttered big-box stores in shopping centers across the nation. And the vacancies are posing significant challenges for real estate lawyers, forcing them to get creative in structuring leases for new tenants - many of which are dramatically dif...
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