After surviving recessions, the dawn of online retail and a sweeping redevelopment, JCPenney’s time at Springfield Town ...
These abandoned malls around America remain open to visitors, offering a rare look at empty storefronts, stalled redevelopment, and retail decline.
The future of JCPenney’s anchor store building at Freehold Raceway Mall has fallen into uncertainty after a massive real estate transaction collapsed in late December. The proposed $947 million ...
A nearly $1 billion cash deal for more than 100 JCPenney stores devolved into a legal fight after failing to close. Copper Property CTL Pass Through Trust disclosed last month that a $997 million sale ...
A nearly $1B deal for 119 JCPenney stores is on the rocks after the buyer failed to close in time. Copper Property CTL Pass Through Trust, a holding company created by JCPenney lenders, said in a Dec.
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min With the sale now terminated ...
A ten-figure deal to sell more than 100 JCPenney stores has devolved into a high-stakes legal fight, with buyer Onyx Partners accusing the seller, the Copper Property trust, of deliberately sabotaging ...
Despite numerous reports that the plan to sell 117 JCPenney store properties for $935 million to Onyx Partners has fallen through, Onyx says it is ready to close the transaction “promptly” as soon as ...
More than 100 JCPenney stores are facing an uncertain future after a deal to sell the locations fell through. That includes the JCPenney store in Owasso, where customers say they are worried about ...
A $950 million deal to sell more than 100 JCPenney locations to a private equity firm fell apart at the last minute. Onyx Partners, a Boston-based investment firm, was set to acquire 119 JCPenney ...
WASHINGTON — A $947 million deal to sell 117 JCPenney stores is in danger of collapse after a Boston-based private equity firm failed to complete the transaction by a scheduled deadline, according to ...
A deal to sell more than 100 JCPenney stores is likely not going forward. A regulatory form filed on Monday, Dec. 22, from the trust that had been charged with selling the assets confirmed the ...