Tensions flared in bankruptcy court Monday over J.C. Penney Co.’s proposed sale to its lenders and landlords, with one lawyer alleging a dissenting creditor group is waging “economic terrorism” in search of a payout.
Life science properties are gaining more interest in New York City, reports The New York Times. A looming housing crisis threatens millions of evictions and will leave landlords short billions of dollars, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.