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...
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, the nation's biggest consumer electronics retailer, said Tuesday that its third-quarter profit sank as it faced dramatic changes in consumer spending and added that it will offer buyout packages to nearly all its corporate employees in...
Developers Diversified was unable to complete a previously announced deal to sell 13 properties. Here are the basics: ...
Centro Properties Group, one of Australia's highest profile casualties of the global credit crisis, was given a lifeline on Tuesday when lenders agreed to refinance $4.65 billion in overdue debt. Without the refinancing, Centro could have been...