Dealing with stores closing their doors and little demand for space, the last thing mall owners needed was an anchor tenant shutting down
Yet, that's precisely the news many received recently when the parent company of Regal Cinemas, UK-based Cineworld, announced that it would "temporarily suspend operations" at Regal theaters.
Also, CNBC recently reported that B&B Theatres, the sixth-largest theater chain in the U.S, could declare bankruptcy in months. The other two leading theater chains, AMC Entertainment Holdings Inc. and Cinemark Holdings Inc. have said they plan to remain open, according to S&P.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
