The new report from KPMG predicts that bankruptcies by retailers will at least double in 2020, as the COVID-19 closures "intensify the Darwinian struggle for survival that has already been under way."
This year, 5.3 million square feet in Los Angeles and nearly 26 million square feet of industrial product will come to market in the Inland Empire.
These potential risks may not be covered by current property insurance, says Saul Ewing Arnstein & Lehr’s Louis P. Archambault
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