General Growth Extension Comes Through
Dec 18, 2008
It took almost a week, but General Growth got an extension on its $900 million loan until February. ...
AIA Billings Index Hits Record Low ... Again
Dec 17, 2008
For the second straight month, the AIA billings index hit a record low. Last month, it fell to a record-low level of 36.2. This month it went down even more, falling to 34.7. ...
RCA Sees $107B in Distress
Dec 17, 2008
Now a New York research company, Real Capital Analytics, has compiled data showing that at least $107 billion worth of income-producing property — including hotels, offices, apartment complexes and warehouses — is already in distress or is headed...
Centro Cedes Control to Banks
Dec 17, 2008
This may seem like a contradiction after yesterday's news about Centro getting an extension. The confusion is a product of Centro's convoluted corporate structure. Yesterday's announcement (the link is below), refers to Centro Retail Properties--a...
Best Buy Cuts Back
Dec 17, 2008
Best Buy, the nation's biggest consumer electronics retailer, said Tuesday that its third-quarter profit sank as it faced...
Developers Diversified Doesn't Complete Sale
Dec 16, 2008
Developers Diversified was unable to complete a previously announced deal to sell 13 properties. Here are the basics: ...
Centro Gets Another Extension
Dec 16, 2008
Centro Properties Group, one of Australia's highest profile casualties of the global credit crisis, was given a lifeline on...
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