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Just Published: Watch List (Dec. 16-22): This One is all about Money

Retail

Facing Financing Crisis, Fast-Growing Centro May Sell Assets

In another ominous sign of how tight commercial real estate credit has gotten in the U.S., the fifth-largest shopping center owner/manager in the United States is having trouble refinancing $2.3 billion in short-term financing.

Land

Simon, General Growth Write Down Cash Value of Residential Holdings

The two retailers take about $100 million of impairment charges.

Financing

Lack of Exit Financing Keeping DURA Automotive in Bankruptcy

DURA Automotive Systems has elected to postpone its exit financing process in light of abnormally challenging credit market conditions.

Hotels

Tight Credit Market Blocking Hotel Deals

Sonesta decides not to sell; and one buyer can't get financing to buy.

Industrial

Loan Repayments Stop on Troubled Water Bottling Plant

Loan repayments have quit coming in on LeNature's nearly brand-new 530,856-square-foot water bottling plant in Phoenix.

Funds

Money To Spend

Now after all that bad news, here is news of four groups that have lined up new funds to invest in underperforming assets.

Downsizings

Facility Closures and Mass Layoffs

This week's listings include downsizings in California, Florida, Georgia, Missouri, New Jersey, New York, Ohio, Pennsylvania, Texas, Virginia and Washington.

Properties

Watch List

This week's properties on the Watch List are in: Oakland, San Francisco and San Mateo, CA; Lansing and Shelby Township, MI; Lagrange, OH; Seaside, OR; Havertown, PA; Allen, Ennis, Houston and Lubbock, TX.

Source: CoStar Group

An ACRES Real Estate Services, Inc. Company