Mad Eyed Screamer
Moderator
Was in the local mall yesterday. Like a ghost town. Notices on the doors saying it closes at 7pm instead of 9pm. and opens an hour later in the mornings too.Interesting question. No doubt Glazer Properties is mortgaged to the hilt but if there's a big slowdown in the retail trade, many businesses will close and that will hit them hard. If they lose rents, then they'll find it harder to meet their mortgage payments and the whole lot could collapse. If they've used their shares as collateral then the banks will take them in the event of foreclosure.
The stores inside wont last long at this rate.