Geneal Growth Partners -Tenant Quid Pro Quo Begins

Interesting article out of WSJ, that dovetails with Zero Hedge's expectation that the mega REIT bankruptcy will portend only bad things for all other mall operators as this develops into a stressed "market test". WSJ reports that while retailers have said they would be willing to stay with GGP, they will likely demand an arm and a bone in terms of concessions for remaining as a tenants. And the resulting looser lease terms will only have negative implications for even relatively healthy mall operators (SPG) who will be forced to meet GGP's reduced terms or risk losing their own tenants.