Here's what we are reading this morning:
Mall Owner CBL Files for Bankruptcy to Cut $1.5 Billion From Balance Sheet
Malls Dragged Into Bankruptcy by Carnage Among Retail Tenants - Bloomberg
Knotel Cuts More Staff and Plans to Give Back Even More of Its Portfolio – Commercial Observer
Calculated Risk: Las Vegas Visitor Authority: No Convention Attendance, Visitor Traffic Down 51% YoY in September
J.C. Penney postpones sale hearing, says company has reached agreement in principle on a global settlement with Minority Group of First Lien Lenders and Unsecured Creditors Committee
J.C. Penney Settles With Holdout Lenders, Easing Chapter 11 Sale - WSJ
Quibi Was Supposed to Revolutionize Hollywood. Here’s Why It Failed. - WSJ
Coronavirus restrictions pressure New Jersey casino authority | Bond Buyer