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Surviving a tenant's lease auction in bankruptcy.(extra credit)
Current statistics confirm what landlords doing business in the current credit climate already know: Credit defaults have increased dramatically among retailers. What can landlords expect in future retail bankruptcies? Unfortunately, landlords can expect a lease auction coming to a shopping center near them.
In the past few years, Chapter 11 debtors have increasingly decided to auction their interests in commercial leases that are no longer useful in ongoing operations. From the perspective of bankruptcy debtors and liquidators, lease auctions provide a flexible mechanism for capturing the value of a leasehold interest for the bankruptcy estate. They may also ...
- Pennsylvania DCNR Releases Results Of Gas Lease Auction.
- Press release article from: PR Newswire August 9, 2002 700+ words
...management of the state forests, DCNR decided to pursue a lease auction for state forestland tracts nominated by industry...Secretary Oliver decided to postpone the scheduled May 8-9 lease auction to allow for a nearly two-month public information...
- United States : BLM s oil and gas lease auction nets $1.1M.
- News wire article from: TendersInfo August 22, 2009 700+ words
...manish03 An oil and gas lease auction at the U.S. Bureau...Director Bob Abbey said the lease sale would help the nation...ensure the issuance of a lease or development. During the past seven years, all lease lists have brought protests...environmental reviews. The leases are good for ...
- Benhil Shirts Shops raises $400,000 at lease auction.
- Magazine article from: Daily News Record September 5, 1986 700+ words
...Raises $400,000 at Lease Auction Benhil Shirts Shops...here, auctioned off the leases of six stores in New York...in bids for three other leases and those stores were...from the auction, so the lease sales all told should...
- Foxmoor sets lease auction for March 13. (Foxmoor Specialty Stores Corp.,...
- Magazine article from: WWD February 14, 1990 700+ words
FOXMOOR SETS LEASE AUCTION FOR MARCH 13 NEW YORK (FNS) - Foxmoor Specialty Stores Corp., which is liquidating under Chapter 11, will auction the leases for 335 of its stores in bankruptcy court March 13, starting at 2...
- Supermajor shell reaffirms Gulf commitment at MMS lease auction.
- Magazine article from: Natural Gas Week Sullivan, John A. October 8, 2007 700+ words
...Orleans, home of the lease sale, independent...bidder on eight leases that cover about...Partners got seven leases on the Gulf shelf...deepwater region. "This lease sale was a long...including two leases in our highly successful...area and a deepwater lease that enhances our...
- No retailers submit bids at MGRE's lease auction. (Merry-Go-Round)(Brief...
- Magazine article from: Daily News Record Emert, Carol April 17, 1996 700+ words
...up for the auction of 115 Merry-Go-Round leases Tuesday afternoon. A bid on two leases by developer Melvin Simon was the only action...were submitted earlier on about 35 additional leases, leaving some 78 leases untouched. The only...
- With MB Financial's 99-Year-Lease at an End, Landlord Seeks New Tenant, and/or...
- Press release article from: Business Wire July 18, 2005 700+ words
...terms, which are included in the lease "letter of intent" form and the...from Inland Real Estate Auctions.) Lease terms provide for triple net leases by a single master tenant, with a minimum lease term of 10 years plus extension options...
- MAN ALIVE TAKES THREE UNITS IN CODA LEASE AUCTION; MAN ALIVE TO OPEN ADDITIONAL...
- Magazine article from: Daily News Record ROMERO, ELENA December 27, 1999 700+ words
...Alive acquired three former Coda leases in an auction last Wednesday...locations, wound up with a lease for a store in the Ford City...locations in Atlanta. A total of 92 leases were scheduled to be auctioned...operation, said acquiring the Coda leases fit into Man Alive's expansion...
Source: HighBeam Research, Surviving a tenant's lease auction in bankruptcy.(extra credit)