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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5269)	4/13/2009 2:50:56 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

With Prologis which is improving after the secondary, looking at the more risky deals: AHR - Anthracite capital - 51c BEE - Strat. Hotels & Resorts -93c (also BEE preferreds) Both are extremely leveraged, like Thornberg was and could therefore die in an eyeblink. But for now, it is an "everything goes" market.

To: RockyBalboa who wrote (5269)	4/14/2009 11:30:52 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Selling the better part of Prologis stock a tad over 8, and investing the proceeds into Prologis Europe (PLOEF.PK)

To: RockyBalboa who wrote (5269)	4/16/2009 4:53:38 AM
From: RockyBalboa	Respond to of 6370

GGP filed Mall operator files for bankruptcy protection Mall operator General Growth Properties files for Chapter 11 bankruptcy protection Thursday April 16, 2009, 4:28 am EDT Buzz up! Print Related:General Growth Properties Inc. CHICAGO (AP) -- General Growth Properties Inc., the nation's second-largest mall operator, says it has filed for bankruptcy protection after failing to convince its debt holders to give it more time to refinance its crushing debt. The Chicago-based real estate investment trust said early Thursday it filed for Chapter 11 bankruptcy protection in a New York court. Some 158 regional shopping centers under its control also filed for bankruptcy protection. General Growth says it received a financing commitment from Pershing Square Capital Management LP of about $375 million and expects it will be able to continue operating its malls as it reorganizes. The company says it has about $29.6 billion in assets and more than $27 billion in liabilities.