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Damned if you lend, doomed if you invest, locked up Chicago commercial real estate market ready to thaw as vacancies abound? Tenant & buyers delight v. investors' gloom?
Chgo Malls & Office Towers: Lenders' House of Cards?
chicagotribune.com - 2 weeks ago - 41 views
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Organizations: Urban Land Institute
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Vacancies abound in some of Chicago's most prosperous retailing centers. These vacancies appear likely to create a cascade of property ownership defaults & foreclosures. Lenders & investors will take a big hit as vacant retail properties invite re-negotiation of remaining tenant leases or penalty-free departures of remaining tenants. One wave of vacancies may pile upon the first as commercial rent spiral down in a perfect storm.
Should Congress pass another round of retail-centric spending stimulus (Congressman Mark Kirk proposed giving all American families a $1,500 debit card to spend in 60 days) or should consumers voluntarily decide to target their spending, fellow Windy Citizens?
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