Articles About General Growth Properties
- Author:
- James I. Clark III
- Posted:
- 08.03.2009
Distressed CRE Hits $108 Billion
More than $108 billion of commercial properties in the United States are now in default, foreclosure or bankruptcy. That preliminary statistic is nearly double the amount reported at the start of 2009, according to New York-based Real Capital Analytics, Inc. At the end of June, 5,315 buildings were reported to be in financial distress. Hotels […]