May 29, 2019 - 0 Comments - Retail Properties -

Video: Ballard Spahr Partner Craig Ganz Discusses Trends and Expectations for Retail Bankruptcies

Craig Ganz, Partner with Ballard Spahr, a national law firm with headquarters in Philadelphia and more than 500 lawyers in its employ, joins America’s Commercial Real Estate Show to discuss recent retail bankruptcies and the impact of big box closures on commercial property investors, particularly those concentrating on retail properties. He goes through a number of chains that have filed for bankruptcy, joking that Payless, is now referred to as a chapter 22 given that it has filed chapter 11 twice. He believes that the bankruptcies we’ve seen in retail will continue. Interesting are slides displayed showing factors leading to bankruptcy for Toys-R-Us and The Limited, as well as a chart of the aggregate square footage of vacant stores.

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