Kafkaesque

Circuit City: Closing Time

Wonder what the total Income to shopping center owners (capped at 8.%) would be in terms of net asset value lost to the commercial real estate industry by this liquidation. Most developers (& their project's lenders) underwrote CC deals at sub-7%. What a large hole this will create in many centers and the shopping center industry as a whole (no pun intended).
Those that truly watch the retailers and track their health have seen this coming for a long time; i think. Lets hope so.