Comment of the Day: Reading Between the Lines of a Leases-Not-Up-Yet Story

COMMENT OF THE DAY: READING BETWEEN THE LINES OF A LEASES-NOT-UP-YET STORY Reading NewsTranslation: current tenants have murderously cheap rents and would not leave for a million bucks. Buyer is trying to play hard ball by threatening to let the property sit until the leases are up unless tenants take a crappy buyout offer. Prediction: Buyer will eventually pay what it takes to get tenants out once they realize that no one will want to pay market rate to be in that old dog of a strip mall.” [Old School, commenting on Apartments and Retail for Westheimer and Montrose Corner? Not Until Half Price Books and Spec’s Scoot] Illustration: Lulu