| From Toprealtynews.com: As the housing market stumbled, commercial real estate still had legs to stand on. But those legs started buckling this year, pounded by the weakening economy and tightening credit.
Last week, one high-profile set gave in. General Growth Properties, the giant mall REIT, plunged 50% to all-time lows as investors worried it wouldn't make payments on its $27 billion debt. It's not alone. Aggressive commercial buyers who closed on highly leveraged deals in the boom years through the 2007 market peak have also started getting caught as debt payments came due..... Full Article: Source
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