As we predicted, General Growth Properties filed for bankruptcy, the largest commercial real estate REIT to collapse in US history. GGR holds some of the most prime location properties, but couldn't make payments on their $27 billion debt.
I expect more retail shopping mall REITs to go under, crushed by mounting debt. Banks will take another hit with bad loans on commercial real estate, just as residential mortgage foreclosures appear to stabilize.
Thursday, April 16, 2009
Subscribe to:
Post Comments (Atom)
Posts
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uGNZaR-0VCJdtOmR8jej14hEW9NETx78wgYrbHDU5OuxTB1NjnLNK6Uwl6IGiX88B1aYpW1w3kkDcfhEOZpKBFTYFqwJwawU85FONpJfOPfDl24LFlmZJCVqrn_JjPVabeew=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tApDX_ET1tTErSUlhuRtErohhIBC1pFl-Dt7oVNcQ0bQsYK9rCiinAkj_jpjlBvDyQvFsLszwSvtsL9TtRoEDXXil5ODsdy6DjjQJFM45wXBzIEyP1A9WtUogSxSqyshfwy7Fo=s0-d)
![[Most Recent USD from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tQEX9da-RWclkDAtcp0scf16RT0E6J-oW3BrOG4wALAkxNTEok1qsAJqU19H_ROI4s9o75Ju2Et719NlDFDevDmlTdl_8iCD30il1ZpscMHO1CyCEl_FfL=s0-d)
Hi,
ReplyDeleteWe have just added your latest post "Retail Shopping Mall Giant Files for Bankruptcy" to our Shopping Directory . You can check the inclusion of the post here . We are delighted to invite you to submit all your future posts to the directory for getting a huge base of visitors to your website and gaining a valuable backlink to your site.
Warm Regards
bestmart.info Team
http://www.bestmart.info