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The Dirt Lawyer's Blog  
Musings on commercial real estate transactions and law in Chicago and beyond

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Still more on GGP - up for sale?

Dec 14, 2009
According to Adam Metz per this article, GGP is exploring options with "multiple parties." We've been talking about that for a while. The good news is for those who bought low when it was uncertain whether shareholders would be wiped out. Take a...

Simon buys Prime. Is that all there is?

Dec 8, 2009
John Reeder has a good blog post on the Simon acquisition of Prime Outlets. I agree with his thoughts on market timing. I think buying before market bottom is fine as long as the numbers work. And Simon obviously believes that. If I recall, Simon...

Thursday Tidbits - December 3, 2009 Edition

Dec 3, 2009
Sorry for the lack of posting lately -- a lot going on at work and otherwise and I haven't been inspired to write much. But there is much going on. Yet another (small) CMBS deal for Inland Western properties? That's the word. The NYT weighs in on...

Real Estate and The Sopranos...

Nov 24, 2009
Sometimes real estate lingo sounds like an episode of The Sopranos. For instance: We gotta take a haircut on this deal, Paulie. Oh, just whack the tenant. Is (Broker X) a friend of mine or a friend of ours? We're gonna take out the bank. It's...

Shortsighted, indeed?

Nov 20, 2009
In yet another chapter in the black hole otherwise known as Block 37, that's what some people are saying about Bank of America, who got its wish today in the appointment of CB Richard Ellis as receiver over the retail portion of the property from...


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