Malls’ Decline Pushes Landlords CBL, PREIT to Bankruptcy

Wall Street Journal, Nov. 2, 2020–Soma Biswas, Esther Fung, Becky Yerak (subscription)
Two major mall owners, CBL & Associates Properties Inc. and Pennsylvania Real Estate Investment Trust, filed for bankruptcy protection as sharp declines in retail foot traffic continue to devastate commercial property landlords even as businesses have reopened.
https://www.wsj.com/articles/mall-owner-cbl-files-for-bankruptcy-to-cut-1-5-billion-from-balance-sheet-11604326734?