Mortgages on offices, shopping malls and hotels that were based on projections of soaring income during the real estate boom are roiling the bond market. A $209 million loan made by JPMorgan Chase & Co. …
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TrafficCourt
Your daily dose of retail real estate industry news, views and occasional strange stuff.
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Commercial Mortgages With Poor Forecasts Roil Bonds
http://blog.retailtrafficmag.com/retail_traffic_court/2008/11/21/commercial-mortgages-with-poor-forecasts-roil-bonds/ -
It’s Official. Steve & Barry’s to Liquidate
http://blog.retailtrafficmag.com/retail_traffic_court/2008/11/20/its-official-steve-barrys-to-liquidate/This was hinted at earlier in the week. Steve & Barry’s is liquidating. Three months after purchasing apparel chain Steve & Barry’s out of bankruptcy, the new owners will liquidate the remaining 173 stores after plans to operate the chain fell victim to slumping retail sales and difficulty in getting financing. …
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New Target Prototype Being Tested
http://blog.retailtrafficmag.com/retail_traffic_court/2008/11/20/new-target-prototype-being-tested/Hampton’s new Target will be molded in a new company prototype, a hybrid discount store with an expanded grocery format that will help it remain competitive with Wal-Mart, which began rolling out a similar store strategy within the last year. “It’s a mix between a general merchandise Target and a Super Target,” Anderson said. …
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