General Growth Shops for Partners General Growth Properties Inc., the second-largest U.S. mall owner and operator by market value, is shopping its portfolio to potential joint-venture partners as it scrounges for capital to pay off $18.7 billion of debt coming due over the next four years. [Chart] Chicago-based General Growth, which owns more than 200 …
Category Archives: Commercial Properties
Maitland may OK rentals instead of condos [Central Florida]
Maitland may OK rentals instead of condos [Central Florida] City leaders did not imagine a downtown full of apartments when they were planning their upscale city center. They spent years vetting plans to replace old and shuttered storefronts on U.S. Highway 17-92 with more profitable shopping plazas, office buildings and upscale condominium complexes. Yet they …
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Property auction had a lot of silence
Property auction had a lot of silence The crowd filed in to the large white tent behind the Bahia Mar resort for Friday’s real estate auction organized by Sotheby’s and Daniel DeCaro Auctions as a four-piece jazz band played a peppy rendition of “I Feel Good.” But as auctioneer Daniel DeCaro stood and watched from …
Your own Strip kingdom awaits: If you can afford it [Vegas Strip]
Your own Strip kingdom awaits: If you can afford it [Vegas Strip] If you missed out on last year’s $1.2 billion sale of the New Frontier, now is your chance to snap up 27 acres of land just south of the Sahara — one of only two major Strip-facing parcels listed for sale. But it’s …
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Vacancies on rise at South Florida shopping centers
Vacancies on rise at South Florida shopping centers as economy worsens The housing woes are spilling over to commercial real estate. Cracks are evident in the office and retail sectors in South Florida and nationwide, according to real estate analysts and brokers. “We’re definitely seeing things slow down,” said David Luther, a senior associate at …
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‘Angels’ help woman escape foreclosure [Connecticut]
”Angels’ help woman escape foreclosure [Connecticut] Maria Leon can’t stop smiling because, as she puts it, she got a second chance at a new life. Her smile is a big change from January and an even bigger one from Thursday night, when it appeared all Leon’s options had been exhausted and the court would finally …
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