Jan. 5—This story has been updated from its original version to clarify the circumstances of the lease termination payment. Ray von Wandruszka, a University of Idaho chemistry professor, said it was a difficult decision to terminate Moscow Contemporary’s lease, but a necessary one. “We’re one of their largest contributors,” he said of the downtown art […]
Medical Properties Trust, the country’s largest hospital landlord, said it would record about $350 million of write-downs related to its largest tenant, which had fallen behind on its rent, and hired a well-known restructuring adviser. MPT, which had long supported Dallas-based Steward Health Care System, said more write-downs are possible. The news, released Thursday after […]
Question: For 12 years, my sister has operated a business in a Phoenix-area shopping center. Last summer, she was delinquent in her rent, primarily because of season changes in her customer base. My sister eventually could pay the shopping center all of the delinquent rent, plus all of the shopping center’s attorneys fees and costs. […]