Commercial Property News Archive for 17-Apr-2009

Ackman bets General Growth is fundamentally healthy (Reuters via Yahoo! UK & Ireland News)

Hedge fund manager Bill Ackman has doubled down on his investment in General Growth Properties by providing bankruptcy financing to the shopping mall operator, a bold move in a weakening commercial property market.

General Growth and Another Burden for Bank Stocks (Time Magazine)

General Growth is just the tip of the commercial real estate iceberg and that means bank earnings have another load on them

Closed businesses leave excess commercial property in Waco real estate market (Waco Tribune-Herald)

Just stop and think about all the commercial/retail vacancies spotting the Waco landscape, many occurring in just the past couple of years.

LAWRENCE: Squibb, malls appeal property tax assessments (The Lawrence Ledger)

More than 100 Lawrence Township property owners ? including some of the largest commercial property owners ? have filed tax appeals contesting their property tax assessments for 2009, according to Municipal Manager Richard Krawczun.

Commercial property under pressure across US (Financial Times)

Ben Bernanke, chairman of the Federal Reserve, this week called commercial property a "looming crisis" - but for Shawn O'Brien, a commercial broker in Lansing, Michigan, the crisis has already arrived.