Bankruptcy Rates Leveling, Younan Properties Still Growing
Bankruptcy rates may not be climbing like they were two years ago, but they certainly aren’t dropping either. The number of corporate bankruptcies rates jumped from 2008 to 2009, and industry still is feeling the effect. Firms like Los Angeles-based Younan Properties are focusing their efforts on turning underoccupied properties in Los Angeles, Chicago, Houston, Phoenix and Dallas-Fort Worth into some of the premier commercial office space in these markets. This encourages more economic development in these neighborhoods by putting in good tenants who contribute to the neighborhood, and the company is able to continue the cycle of revitalization and turn a profit. One thing is for sure, when it comes to Younan Properties, Bankruptcy isn’t an option.