Stephen Ross predicts the coronavirus pandemic will result in a “flood of cases going to the bankruptcy court.” The chairman of Related Companies appeared on CNBC’s “Squawk Box” Tuesday to discuss the impact of the virus, and said he’s especially concerned about the effect on retailers and small businesses. “Many of them probably don’t have the wherewithal to reopen,” he told CNBC. Neiman Marcus, which anchors Hudson Yards, is one of Related’s most high profile
source https://therealdeal.com/2020/05/27/stephen-ross-to-retailers-brace-yourself-for-bankruptcies/
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