Court Decision Unlocks New Outlet for Taxpayers to Appeal Property Assessments
Phillip Hudson, a partner in the Firm's Bankruptcy and Restructuring Practice, contributed to "Cleaning up after Toys "R" Us," an article by The Real Deal. The article discusses the bankruptcy of the largest U.S. toy chain. Phillips comments on the impact of the store’s closing on the big-box landscape.
"There are fewer and fewer players vying for big-box space. That is going to drive rent prices down," said Phillip. "There is so much space coming back on the market the next couple of years that some landlords may end up in default of their loans because their debt-to-income ratios will be so off."
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