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PREIT, CBL Hint at Direction of US Shopping Center Bankruptcies

Two Property Owners Take Different Paths Under Chapter 11 Reorganization
The Outlet Shoppes at El Paso in<b> </b>Canutillo, Texas, is one of CBL &amp; Associates Properties’ 108 U.S. shopping centers. (CoStar)
The Outlet Shoppes at El Paso in Canutillo, Texas, is one of CBL & Associates Properties’ 108 U.S. shopping centers. (CoStar)
By Jennifer Waters, Mark Heschmeyer
CoStar News
November 10, 2020 | 11:58 P.M.

Two of the first real estate investment trusts to file for Chapter 11 bankruptcy protection in the pandemic offer a glimpse into what may unfold as lenders fight for better financial footing in the retail industry shakeout.

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News | PREIT, CBL Hint at Direction of US Shopping Center Bankruptcies