Boston Landmark Faneuil Hall in Foreclosure?
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 dollars in loans that are coming due, for which there are no reported extensions.
It seems virtually nobody or nor any company can be completely insulated from the turmoil that’s racking commercial real estate assets.
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Wed, Feb 4, 2009 Boston Real Estate
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