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malls

Created by:

Merv Burgard, Real Estate Attorney

Date: April 21, Number of Replies: 3

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"AUSTIN (Austin American-Statesman) - General Growth Properties Inc., which
owns or co-owns 200 malls nationwide, including in Houston, Austin, San
Antonio and Dallas, has filed for bankruptcy, making it the largest real
estate bankruptcy in U.S. history.
The Chicago-based company said it had failed to win more time from its
lenders to refinance its debts. The filing lists $29.6 billion in assets
and $27.3 billion in debts."
Merv.
********
Mervin Burgard, Q.C.
20-140 McGarrell Drive
London, Ontario, Canada N6G 5J1
e-mail: mburgard@ody.ca
**********
Please consider the environment before printing.

Editor's Note
Thanks Merv. Includes the huge Ala Moana Shopping Center and Ward Warehouse in Honolulu.John

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Mary lou Wall Licensed Real Estate Broker, Wethersfield, CT

Date: April 21

Regarding Malls - these are very serious times in our history and we need to get down to business and not baby business.

Thank you -

marylouwall813@sbcglobal.net
(860) 670-6952 (cell)
SUBURBAN HOMES AND CONDOS
1321 Silas Deane Highway
Wethersfield, CT. 06109
860-563-5915 x 23
860-529-1516 (facsimile)

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land1942

Date: April 21

Ah, wonderful retail.

General Growth owns several large, upscale malls in Chicago. However, I had read that
this will not affect the malls. Yeah, right. Have you noticed how many small shops are closed?

I was grocery shopping at our local Jewel the other day, and they had only half their lights on.
Great idea for both saving money and cutting down on energy usage, expect to see more of this.

And, along with the bankruptcies have you noticed how many newspapers have folded in the past
year. Will "news papers" become obsolete? I read several "papers" online every day and sometimes have
to watch a short commercial...but I'm betting that's the wave of the future.

And, just wondering out loud...perhaps we'll start seeing 15 second local real estate ads online...just about
everybody can upload a video today.

Cordially,

Eileen Landau, BA, MA, OTD, e-Pro Internet Certified, REBA, RERA, SRES
Over 30 Years of Successful Full-Time Real Estate Experience
REALTY EXECUTIVES Pro/Team
Serving Downers Grove & Naperville
Direct: 630-961-2600
www.moveuptonaperville.com
www.moveuptonaperville.blogspot.com

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Lon Schild Licensed Real Estate Broker, Roseville, CA

Date: April 22

I've seen the same things happening here in Sacramento, CA. Many stores are using less lighting and I see alot more sky lights being installed into ceilings to cut down on expenses.

Lon Schild, GRI

Broker Associate

Keller Williams

3001 Lava Ridge Ct. #100

Roseville, CA 95661

Office (916) 788-8800

Cell (916) 812-4663

Lon@LonSchild.com

www.LonSchild.com

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