Entries tagged "mall owners"
Mall owners may be the next batch of businesses to take a tumble as 2008 nears a close. Already, two of the largest retail property owners in the U.S. -- General Growth Properties Inc. and Centro Properties Group -- have been in talks with their lenders to renegotiate the terms of close to $10 billion in bank loans and credit lines. In General Growth's case, a failure to win concessions on its lending terms could place it in default and prompt a bankruptcy filing. ...