Finance
Fitch: U.S. CMBS Delinquencies Nearing 8 Percent on Office Defaults
Throughout the month, 44 office loans went delinquent, including 14 loans with a balance greater than $20 million.
The largest new delinquency was the $380 million Columbia Center loan, whose collateral is located in Seattle.
Economy Watch: Brookfield Aims to be GGP Stalking Horse
General Growth Properties Inc. has filed documents with the U.S. Bankruptcy Court for the Southern District of New York describing its proposed deal with Brookfield Asset Management, Pershing Square Capital Management and Fairholme Capital Management.
JLL Report: Cautious Optimism for 2010
The firm’s January Global Market Perspective contends that we have reached or are near the bottom — but that a slow recovery is at hand.
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