In a sign that the people with the closest view of housing expect market conditions to remain weak for a long time, Lowe's (LOW) is expected to announce this week that it is curbing its ambitious expansion plans. According to The Wall Street...
Lehman Brothers Holdings Inc.'s bankruptcy filing may delay the sale of about $30 billion of commercial real estate assets at a time when property values are eroding, leaving less on the table for creditors. Lehman has "$30 billion worth of real...
Apparently tired of what it believes to be a too-low valuation in the stock market, General Growth put out a release this morning saying it "pursuing a comprehensive evaluation of its alternatives, both financial and strategic, in an effort to...
According to an SEC filing, Inland American Real Estate Trust, one of the Inland Real Estate Group of Cos., is in talks with CapLease about a merger or purchasing all of its assets. On September 16, Inland purchased 1.3 million shares of CapLease...
The WSJ has the scoop. The bottom line is that General Growth had to up its recourse levels from 25 percent to 50 percent to secure debts. The company, however, is emphasizing that it felt comfortable doing this because it is confident in its...
Boscov's Department Store LLC, the U.S. department store chain that filed for bankruptcy protection last month, said it signed a letter of intent for a sale of most of its assets to private equity firm Versa Capital Management Inc. The terms of...
Retailers typically fund their businesses with short-term lines of credit and long-term loans that usually require the company to meet certain financial conditions. If they don't meet them, the banks can call in the loans. Retailers also can...
The likely rush to sell is driving down the already battered market, forcing financial firms to take additional losses on the estimated $150 billion worth of commercial real-estate debt on their books as the once relatively resilient pocket of the...
