GGP Plans to Exit Chapter 11 Without Major Sell-Offs, but Merger Talk Persists
Dec 8, 2009
Just as many industry observers predicted when General Growth Properties filed for Chapter 11 bankruptcy protection eight months ago, the Chicago-based REIT seems poised to exit its restructuring in one piece. ...
FDIC’s Recommendations for Commercial Real Estate Loans Begin to Ease Borrowers’ Woes
Dec 1, 2009
The Federal Deposit Insurance Corporation’s (FDIC) policy recommendations for banks dealing with troubled commercial real estate loans appear to be easing the burden on borrowers facing falling property values. ...
GGP’s Extension Feat Bodes Well for Industry
Dec 1, 2009
General Growth Properties’ feat of reaching an extension agreement on a large portion of its maturing loans bodes well for the retail real estate industry going forward, according to observers. ...
Equity One Enters New York with Acquisition of Westbury Plaza
Nov 13, 2009
Equity One Inc. closed on the acquisition of the 400,000-square-foot Westbury Plaza in Nassau County, N.Y. for approximately $103.7 million. ...
Retail Financing Flows to Favored Borrowers and Property Types
Nov 10, 2009, By Beth Mattson-Teig
Following a year when getting a loan for a retail project seemed about as likely as hitting a Powerball jackpot, prospective borrowers are sensing that lenders may remove the vice grip on their purse strings in 2010. ...
CIT Bankruptcy Won't Pose an Immediate Threat to Retail Landlords
Nov 3, 2009
The retail real estate industry is well positioned to survive the bankruptcy of CIT Group Inc....
Commercial Real Estate Debt Won't Be the Next Shoe to Drop, Economists Say
Oct 20, 2009, Elaine Misonzhnik
For months, the buzz has been that commercial real estate—with $3.4 trillion in outstanding debt, $1.4 trillion of which is coming due by the end of 2012—would precipitate the next leg in the credit crisis and possibly derail the broader economic recovery. To some, that mountain of debt coming due represents a clear parallel to the trillions of dollars in residential loans that helped destroy more than 100 banks and made the current recession the deepest and longest since the Great Depression. ...
Macerich Joint Venture Strategy Proves a Wise Decision, Drives up Stock Price, Analysts Say
Oct 6, 2009, By Elaine Misonzhnik
Macerich Co.'s latest joint venture—a deal with real estate investment management firm Heitman announced last week—is further proof that the regional mall REIT ...
Taubman Gives Up on the Piers
Oct 1, 2009
Regional mall REIT Taubman Centers is opting to take a writedown and may relinquish control of the Pier Shops at Caesars in Atlantic City to its lender....
New IRS Regulations Might Contain CMBS Defaults, but Won't End the Commercial Real Estate Crisis
Sep 22, 2009, Elaine Misonzhnik
As property owners holding commercial mortgage-backed securities (CMBS) funded loans have attempted to address financing concerns over the past 12 months, many have complained of the impossibility of getting special servicers on the phone....
