- J.C. Penney (JCP) has worked out an arrangement to rid itself of a pricey office building in the SoHo neighborhood of New York City, according to the New York Post.
- The warehouse and retail space, which was a pet project of former CEO Ron Johnson, was piling up some serious renovation costs.
- The decision to exit the trendy building falls in line with current management's back-to-the-basics principals.
From other sites
Video at CNBC.com (Aug 17, 2015)
Video at CNBC.com (Aug 14, 2015)
Video at CNBC.com (Jul 31, 2015)
Video at CNBC.com (Jun 10, 2015)
Video at CNBC.com (May 13, 2015)
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