bisnow.com
Sears will close 103 of its remaining 1,100 stores, putting an
estimated $302.5M worth of commercial mortgage-backed securities at
risk.
The stores slated to close in the spring include
64 Kmart and 39 Sears locations, 16 of which are located at retail
centers backed by CMBS loans worth a total $671.1M, according to a
Morningstar Credit Ratings report.. . . more
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