General Growth Properties Inc., a publicly traded real estate investment trust that owns more than 200 shopping malls in the U.S., signed forbearance agreements temporarily protecting the company against defaults. The senior credit lenders agreed...
This from the Boston Herald--analyst Burt Flickinger says that up to 3,000 retail properties could close in March and April. That sounds like a massive, massive number. We haven't heard anyone else make that kind of projection. We haven't heard...
"The leverage is what's going to kill them," said Bret Wilkerson, chief executive of Property & Portfolio Research. That...
Our sister publication NREI posted a story before Christmas about the proposed bailout. ...
Retailers will close 12,000 stores in 2009, according to Howard Davidowitz, chairman of retail consulting and investment...