It has not imploded because it was privately bailed out.
If it did implode (Ch 11 or Ch 7 BK) - it will start to have major impacts on the NYC and other real estate markets. It’s the largest lease holder in many cities.
If it did implode (Ch 11 or Ch 7 BK) - it will start to have major impacts on the NYC and other real estate markets. It’s the largest lease holder in many cities.