DJM Realty announced that it is has been retained to oversee the sale of the company's real estate assets. In a press release, Andy Graiser and Emilio Amendola, DJM Realty's Co-Presidents, commented that "Circuit City's real estate has begun to create interest among national and regional retailers and supermarkets. There are great opportunities for schools and other non-retail uses."
A school in what was once Circuit City? I like that idea. Perhaps the institution could offer classes on the dangers of managerial arrogance, with a special emphasis on why it's not a good idea to deliberately fire your best employees.
DJM is charged with the unenviable task of finding takers for 578 big-box leases in an economy where very few chains are looking to expand.