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Steve Wybo: Younkers plans to close Grandville store – MiBiz

Steve Wybo was featured in MiBiz‘s article titled “Younkers plans to close Grandville store.”

“A commercial property is only as good as its tenants,” Steve Wybo, a senior manager partner in the Birmingham office of turnaround firm Conway MacKenzie Inc., told MiBiz last year. “(When a store) goes out of business or files for bankruptcy and rejects all their leases, you’ve suddenly lost millions and millions of square footage of rental income, which effectively is the net operating income calculated in these debt service coverage ratios.”

To read the entire article, click here.