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TrafficCourt

Industry news, views and occasional strange stuff.
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Court Rulings on Atlantic Yards, DestiNY USA and Block 37; Smaller Concepts for Target, Ahold (Tuesday's News & Notes)

Nov 24, 2009
It’s been a while since we posted a roundup here. So here are some headlines and blog posts from the past week or so that you might be interested in if you hadn’t seen them yet. Atlantic Yards has cleared some legal obstacles. The Court of Appeals...

General Growth Inks Pact to Restructure Mortgages on 70 Malls

Nov 19, 2009
General Growth has reached a deal with its lenders to restructure mortgages on 70 malls. It hopes to reach similar agreements on other properties based on this one. It announced the pact during a bankruptcy court hearing. The Wall Street Journal and...

CNBC: Commercial Real Estate Optimism Boosts Regional Banks

Nov 18, 2009
Finally, some commentary on commercial real estate that’s not all doom and gloom. The important point–there will be stratification. It’s not going to be an outright collapse. And REITs look better every day.

Report: Simon Looking at General Growth

Nov 17, 2009
This just came over the wires from the Wall Street Journal. It appears Simon Property Group has hired an adviser and is evaluating General Growth Properties. Meanwhile, Westfield Group also has cash it could use as part of an acquisition. Could a...

Property Fundamentals Might Be Stabilizing, But New Projects Face Delays (Wednesday's News & Notes)

Nov 17, 2009
This seems to be a bad week to be a developer. At least three major projects around the country might be delayed, for reasons ranging from unfavorable market conditions to disputes over wages for future mall employees. Chicago developer Joseph Freed &...


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