InvestorsHub Logo

fastlizzy

01/30/09 8:27 AM

#1876 RE: dc_350 #1875

Sure they do! Can you imagine all the empty strip malls next summer?

all over da place

AD

01/30/09 10:51 AM

#1888 RE: dc_350 #1875

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