Commercial Real Estate – Santa Cruz
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What’s going on with Forever 21?

Los Angeles-based Forever 21 is preparing to file for bankruptcy, potentially closing roughly 700 stores. Company advisers have been working on obtaining a bankruptcy loan package that would give the retailer about $75 million to continue operations during the case. As part of the restructuring plan, the two largest landlords may get a stake in the company. The negotiations are ongoing, and could end without a deal.

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