CRE: Centro Seeks Buyers
From Bloomberg: Centro Puts Itself Up for Sale as Debt Deadline Looms
Centro Properties Group, facing a Feb. 15 deadline to refinance A$3.9 billion ($3.4 billion) of debt, will consider offers for all its assets including 700 U.S. malls. …Centro’s largest U.S. shopping centers are Independent Mall in North Carolina and Cortlandt Towne Center in New York.
This sale will give us an idea of how far CRE prices have fallen.
Be sure to visit the blog and read the comments!
Also, CR and Tanta have introduced a monthly subscription real estate newsletter. Best to all.
Original post by CalculatedRisk
