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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (144583)1/30/2009 10:38:01 PM
From: koan  Read Replies (1) | Respond to of 313057
 
I have been wating for that. Lots of businesses just hanging on.

>>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 ...<<