New frugality is the new normal, by necessity
Published at: www.wtop.com
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Kenneth LeonardPrincipalLeonard Associates
September 10, 2009
Bob Kanter's careful analysis of this article did not mention the huge backlog of previously announced department store closings which will undoubtedly have a "domino" effect on the FFO of all major mall REITs.
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Robert CanterPresident-FounderPerformance Realty Solutions, LLC
Commercial real estate will not benefit from the end of the current recession.
September 8, 2009
News headlines of the past few weeks have the spin doctors trying their best to make us believe the worst is over for this current recession…however if you read between the lines you should not get too excited as any recovery is many years away. We all need to get used to the “new normal” as the subject article suggests. To do otherwise could be financially fatal.
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