- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Sears Rejects Lampert Bid, Cue Up the Fat Lady
Posted on 1/8/19 at 12:38 pm to member12
Posted on 1/8/19 at 12:38 pm to member12
quote:
I guess they think they can get more for the Sears real estate and inventory?
Lampert owns a majority of real estate; especially the highest valued properties around the country. When SEARS was in dire need of money to stay afloat, Lampert and his ESL investment company loaned SEARS $500M in exchange for the real estate and property. Lampert then leased the property back to SEARS. So even if SEARS goes bankrupt, Lampert can then sell or lease the properties for millions/billions. This dude is shady as shite and used SEARS to increase his fortune.
1
Posted on 1/8/19 at 12:54 pm to Got Blaze
quote:
So even if SEARS goes bankrupt, Lampert can then sell or lease the properties for millions/billions.
This is certainly the conventional wisdom. And I get it. But I wonder how much that stuff is really worth. Many of the buildings have had neglected maintenance needs. Many of them are in malls which are already struggling.
If entire malls start getting razed, there are probably some interesting redevelopment opportunities. But, with boxes, or even the raw land, attached or near to a mall, which limits the size of redevelopment?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News