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The I Love CVille Show headlines (Tuesday, November 3)
1. The corporate owners of two Hampton Roads malls — the Greenbrier Mall in Chesapeake and the Patrick Henry Mall in Newport News — have separately filed for bankruptcy protection with the intention of arranging for new financing and extending debt repayment deadlines. Tennessee-based CBL Properties, which owns nearly 100 properties including 65 malls, among them the Greenbrier Mall, had its related CBL & Associates Properties Inc. and other affiliates file for chapter 11 bankruptcy reorganization Monday in the Southern District of Texas federal court. A day earlier, Philadelphia-based PREIT, which owns 22.5 million square feet of retail space in multiple states including the Patrick Henry Mall, filed its bankruptcy petition in Delaware’s federal court.
2. The owner of Southpark Mall in Colonial Heights has filed for federal bankruptcy protection. CBL & Associates Properties Inc. sought Chapter 11 protection from creditors on Sunday, citing how economic pressures from the coronavirus pandemic have affected its tenants and its operations. The Chattanooga, Tenn.-based owner of 107 retail properties in 26 states, including the Valley View Mall in Roanoke and Greenbrier Mall in Chesapeake, said operations at its shopping centers will continue as normal.
3. Louisville at Virginia (-2.5), 8 pm, ACC Network
4. No. 25 Liberty at Virginia Tech (-14.5), 12 pm, ACC Network
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Jerry Miller, CEO & Publisher
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