Business

Why Simon Property Group and Brookfield Property, # 1 and # 2 mall landlords, Jesse Penny and other narrow retailers went bankrupt

In the years following the brick-and-mortar meltdown, the epidemic. Desperate action is needed now. By Wolf Richter for Wolf Street. Simon Property Group and Brookfield Property Partners obtained bankruptcy court approval this week to buy Jesse Penny’s retail and assets operating assets, which he filed for bankruptcy in May. Simon …

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