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  • Building Supplies Offer Shelter from the Housing Storm [View article]
    Commercial Real Estate – The Next Shoe to Drop

    "Big real estate companies suffered big losses: shares of Simon Property Group, the top U.S. mall operator, declined 13%; Boston Properties Inc., owner of skyscrapers and office buildings in key U.S. markets, fell 12.1%.

    General Growth Properties Inc., which owns more than 200 mall properties throughout the United States, is teetering on the brink of annihilation. If the flailing company can’t come up with the $958 million of its debt that is now due, and the $3.07 billion due next year, it will have to file for bankruptcy protection. ..."

    www.resourceinvestor.c...

    might cause a decrease in future commercial building construction?
    Dec 03 09:46 am |Rating: 0 0 |Link to Comment
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