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To: benwood who wrote (96576)4/17/2009 1:57:08 PM
From: Elroy Jetson1 Recommendation  Read Replies (1) | Respond to of 116555
 
The "two major malls in Seattle" is just the bankruptcy of General Growth.

They own more than 200 malls around America.

Many more firms will file for bankruptcy.

Media firms like radio and television stations are going to happen soon. Their revenues are down 60% and their largest expense is interest on their debt.
.



To: benwood who wrote (96576)4/17/2009 9:03:01 PM
From: Sr K  Read Replies (1) | Respond to of 116555
 
Do you read what you post?

The article you linked to stated:

"But its two Seattle-area malls, as well as Spokane Valley Mall & Plaza, are among 70 shopping centers that were not included in the Chapter 11 bankruptcy filing"

of General Growth Properties.

GGP took the less usual approach of using mortgages and unsecured bank debt. Those

>>Two major malls in Seattle area <<

did not

>>declare bankruptcy<<

Then Elroy Jetson ate what you cooked.


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