After word spread in late Junethat Simon Property Group and Brookfield Property Partners wereconsidering making a bid for JCPenney, the industry beganspeculating about who else might want the strugglingretailer.
"I see that there are reasons whycertain companies may want to enter into deals like this," saysEric D. Rapkin, chair of the Real Estate Practice Group for AkermanLLP. "
For example, since May there havebeen rumors that Amazon was also gearing up to make a run atJCPenney.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
