With Economic Development, ultimately, it’s all about the LAND…
J.C. Penney’s Bankruptcy: It’s All About the Real Estate
Barron’s coverage about J.C. Penney’s expected bankruptcy filing, which will split it in two, with one entity remaining as a retailer, and the land becoming property of a real estate investment trust (REIT). At a time when no one knows the value of that land, at least nor for the moment.