Print
Hits: 10846

For those who wondered what prompted GGP to issue that silly press release, I point you to Herb Greenberg's article in the WSJ over the weekend. From his blog at Marketwatch.com.

One Shopping Mall REIT's Dance with Debt

If you missed my piece in the weekend Wall Street Journal about regional mall developer General Growth Properties, you can read it here on MarketWatch.

Herb's Hook: The company issued a press release Saturday night focusing on its debt issues. Without specifically mentioning my column, it insisted that bankruptcy is not in its future. The release also alluded to "blogs." The only blog I can find that has done an in-depth probe of General Growth is the insightful boombustblog.com by Reggie Middleton. (Have never spoken to him, and have no idea who he is, but a scroll through his archives shows good edginess and an impressive record on credit-related issues.)