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Claire’s Bankruptcy Would Accompany a Shift Away From Malls
Bloomberg, Mar. 9, 2018--Lauren Coleman-Lochner, Eliza Ronalds-HannonClaire's Stores Inc., which is said to be preparing a bankruptcy to ease its crushing debt load, is simultaneously working on a second problem: its deep reliance on malls.
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Is the Speculative Office Development Pipeline Going to Cause a Problem?
National Real Estate Investor, March 8, 2018--Mary DudichSpeculative office construction as a percentage of supply underway is expected reach its highest level in years in 2018. But some experts say there is enough demand out there for new, quality space--even as the national office vacancy rate has not seen a significant drop since 2010.
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CMBS Delinquency Rates Improve Except for Retail Property Loans
National Mortgage News, Mar. 12, 2018--Brad Finkelstein (subscription)With the exception of the troubled retail sector, delinquency rates across property types supporting commercial mortgage-backed securities were mostly flat to declining in February compared with January, Fitch Ratings said.
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Ten Years After the Bear Stearns Bailout, Nobody Thinks It Would Happen Again
Wall Street Journal, Mar. 13, 2018--Justin Baer, Ryan Tracy (subscription)Ten years ago Wednesday, that was Bear Stearns Cos., a once-storied firm whose excessive leverage had helped put it on the brink. The Federal Reserve tried to limit the damage with extraordinary actions, first extending the firm credit before forcing it into a hasty weekend shotgun marriage to JPMorgan.
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Blackstone REIT Triples Industrial Holdings With $1.8 Billion Deal
Bloomberg, Mar. 12, 2018--Noah BuhayarThe Canyon Industrial Portfolio includes 146 warehouses and distribution centers concentrated in and around Chicago, Dallas, Baltimore, Washington, D.C., Los Angeles and South and Central Florida, according to a statement from Blackstone on Monday.
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Is CMBS Underwriting Getting Loose?
National Real Estate Investor, Mar. 14, 2018--Mary DiduchThe spread between the cap rates used by Moody's Investors Services, Morningstar Credit Ratings and S&P Global Ratings on conduit loans and the market is widening.
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Toys R Us to Close All 800 of its U.S. Stores
Washington Post, Mar. 14, 2018--Abha BhattaraiToy store chain Toys R Us is planning to sell or close all 800 of its U.S. stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades.
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