An aging mall in Pennsylvania is fighting to reinvent itself amid the toughest climate for retailers in decades.
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Archive for February, 2009
Malls Race to Stay Relevant in Downturn
Friday, February 27th, 2009BofA Feels Bite of Move Into Mortgage-Backed Securities
Thursday, February 26th, 2009Bank of America avoided the excesses of many rivals during the housing boom, but its performance isn’t nearly as impressive with regard to mortgage-backed securities.
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Mezzanine Debt Loses Its Shine With Investors
Thursday, February 19th, 2009Losses on mezzanine debt are sending shock waves through the rough-and-tumble world of office buildings, shopping centers, hotels and other commercial properties.
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For Sale: AIG’s Home Base in Japan
Saturday, February 14th, 2009AIG wants to sell its Japanese headquarters to help repay its U.S. loan. The building could fetch over $1 billion.
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Microsoft Office: A New Twist on the Word Pair
Wednesday, February 11th, 2009Microsoft’s contraction is sending shudders through the Seattle office market as evidenced by the deals that the software giant is shelving.
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General Growth Gets 24-Hour Loan Extension
Tuesday, February 10th, 2009Mall owner General Growth Properties received a 24-hour extension of its deadline on a $95 million loan as it negotiates for a longer reprieve
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Battle Over Lehman’s Real-Estate Carcass
Wednesday, February 4th, 2009Lehman Brothers’ partners, creditors and vendors are fighting for what is left of the bank’s real-estate carcass.
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For Rebound Renters, a Few Things to Remember
Monday, February 2nd, 2009Foreclosures have doubled over the last year, which means a lot of former homeowners are becoming renters again for the first time in a long time.
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