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Re: dc_350 post# 1875

Friday, 01/30/2009 10:51:56 AM

Friday, January 30, 2009 10:51:56 AM

Post# of 1988
Maul Market: Cincinnati Mall Sells on the Cheap
With the commercial real-estate market at a virtual standstill, there is much to be learned from the sale of one of the Cincinnati area's largest malls by retail giant Simon Property Group Inc.

But be warned: It isn't a pretty picture. Not only was the price abysmally low, but the buyer, North Star Realty of suburban Atlanta, also had to agree to onerous personal-recourse provisions to obtain financing.
http://online.wsj.com/article/SB123308296078020497.html?mod=yahoo_hs&ru=yahoo
thanks to JoeStocks for posting on his thread
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