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Strategies & Market Trends : Ride the Tiger with CD

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To: koan who wrote (144579)	1/30/2009 9:24:45 PM
From: Rocket Red	Read Replies (1) of 313057

Commercial property these guys in trouble General Growth Properties Inc.'s lenders agreed not to call due two loans totaling more than $4 billion before March 16, extending the deadline, which expired Friday, by six weeks, according to people familiar with the talks. General Growth, which owns and manages more than 200 U.S. malls, has negotiated with lenders since last November to delay its payment deadlines as it scrounges for ways to pay or refinance its debts. Yet another deadline is fast approaching: Holders of $900 million in loans collateralized by two Las Vegas malls can call those loans due ...

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