prepared by Lehman bros.
In other CRE news, EuroHypo says GGP press release disclosing it is owed $2.6 billion by the bankrupt mall operator is "not correct". Gotta love when two multibillion enterprises (well, one is not so multibillion any more) publicly accuse each other of lies.
Lastly, Calculated Risk concludes CRE is getting crushed based on a 12.5% downtown vacancy rate, contrary to the ridiculous claims of GGP COO who looked like he was three shakes away from a full epileptic fit earlier on CNBC. Sphere: Related Content
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