CRE/CMBS Implosion? Maybe Not

Mall of america

The general theory has been, and even I speculated here in March that commercial real estate (CRE) & commercial mortgage backed securities (CMBS) may be the next shoe to drop. But, there have been some event recently that force us to take a closer look.

Simon Property Group: "Development Dead for a Decade"

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Wow, good news and bad new from Simon Property Group, Inc. (Public, NYSE:SPG)

US Mall Vacancies at Record Numbers

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More is to come...

Coming Soon: Malls for Sale

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General Growth Properties Inc. (NYSE:GGP), the No. 2 mall operator in the United States behind Simon Property Group (NYSE:SPG), has warned that an ongoing slump in retail sales, combined with the credit market lockdown, has pushed the company to the brink of bankruptcy.

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