What happens to the commercial real estate market when this happens?
After seven years of trying to rebuild the iconic retailer Sears, hedge-fund manager Edward S. Lampert reversed course on Thursday, announcing that Sears Holdings Corp. will unload more than 1,200 stores in an effort to raise up to $770 million of much-needed cash.
Many on Wall Street interpreted the move as the beginning of the breakup of the company.
And what will happen to these employees and local small business that rely on these employers (like eateries, etc…)? These are interesting times.
SOL!