By National Real Estate Investor
The massive economic hit from COVID-19 has forced scores of U.S. companies into bankruptcy. Here are some with the most significant potential repercussions for commercial real estate.
The COVID-19-induced shutdown in the spring wreaked havoc with the economy. And while there has been an impressive rebound from the worst period—the U.S. economy grew at its fastest pace ever in the third quarter—that has not yet lifted the economy out of recession. And with U.S. daily COVID cases hitting new peaks and hospitalitzations and deaths on the rise, economic uncertainty remains.
The overall blow from 2019 has proven to be too much for many companies. Scores of firms have filed for Chapter 11 restructuring. Some have managed to successfully restructure and emerge from bankruptcy protection. Others have been forced to liquidate entirely.
