Mall Owner CBL Properties Files for Bankruptcy in Bid to Survive - search results

Mall owner CBL & Associates Properties Inc filed for court protection from creditors, following some of its biggest tenants into bankruptcy after the pandemic kept consumers at home, forcing many retailers already weakened by e-commerce to quit paying rent

PREIT filed Sunday for Chapter 11 protection under a prepackaged financial restructuring plan The Philadelphia-based company is the first retail REIT to file for bankruptcy since GGP in 2009

CBL listed both estimated assets and liabilities in the range of about $1 billion to $10 billion

Shopping mall operator CBL & Associates Properties Inc voluntarily filed for Chapter 11 bankruptcy protection on Sunday, becoming the latest mall