Search
 

How Haggen's Woes Could Hinder Landlords

ORANGE COUNTY, CA—Until the retailer makes a determination to either assume or reject existing leases, property owners are in limbo and cannot evict the tenant no matter what the lease says, Avison Young's Jay Maddox tells GlobeSt.com EXCLUSIVELY.

By Carrie Rossenfeld | Updated on October 19, 2015

ORANGE COUNTY, CA—Until a retailer facing Chapter 11 makes a determination to either assume or reject existing leases, property owners are in limbo and cannot evict the tenant no matter what the lease says, Avison Young‘s principal Jay Maddox tells GlobeSt.com. We have been chatting with several experts in the retail sector about grocery-store chain Haggen‘s recent decision to pull out of California and the Southwest. Here, Maddox gives us his take on how Chapter 11 bankruptcy by the retailer could hit the retail sector.

GlobeSt.com: How could chapter 11 bankruptcy affect the leasing of retail stores such as Haggen?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.