JCPenney has quietly upended expectations for a big slice of its store base, dropping a surprise update on the fate of 119 locations that were supposed to change hands in a major real estate deal.
WASHINGTON — A $947 million deal to sell 117 JCPenney stores is in danger of collapse after a Boston-based private equity firm failed to complete the transaction by a scheduled deadline, according to ...
Following the failed sale of the portfolio, the trust in charge of selling off JCPenney properties is looking for alternative ...
The department store has seven other locations in the Bay Area, and nearly 650 stores around the country.
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