And you thought you had it bad with a Mortgage REITs. Retail REIT Macerich (MAC) found itself in the eye of the storm after closing a sale/leasback on 41 of 149 Mervyns stores in late 2007 and early 2008. Mervyns was already struggling, so it was not a huge surprise when the California-based chain declared [...]
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Not bankrupt quite yet …
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