You walk to the mailbox. Inside is a letter from one of your tenants. Expecting a check? You tear it open, skim it, get that sinking feeling, and then re-read it line by line to see if what it says is really true...
by Lisa Carpenter:
As Valentine’s Day approaches, it occurs to me that the relationship between an owner and their building is like a love affair. In good times, it’s easy to get along. The owner is doing his part by managing operations and the tenant is doing her part by paying rent – a [...]
Property & Portfolio Research has published some mean numbers that indicate that we're going to be in for a wild ride over the next couple of years in the Boston area commercial real estate market. As much as what I hear around town is a false sense of hope and security that this will blow over soon and we'll get back to prosperous times again, it looks like the coming storm is going to get nasty.
Maybe – maybe not but the owner, General Growth, appears to be on the ropes. General growth owns more than 200 malls and other properties across the country one of which is our own Faneuil Hall. General Growth has been facing a slew of problems, not the least of which are hundreds of millions of [...]
Friday, February 20, 2009
0 Comments