Posts with tag zombie buildings

What happens to "zombie" commercial spaces and, in particular, those dead shopping malls? Is your local "zombie mall" the masked, serial slasher in your hometown's struggle for economic recovery? The recession has left many desolate malls and office buildings in its wake, and this poses a potential economic crisis. If... Continue Reading »

Another "biggest deal in history" is falling apart.Back in 2007, when Tishman Speyer paid $1.7 billion for six office towers in Chicago's Loop, the local press proclaimed it the "biggest real estate deal in Chicago history." Now, a part of the $1.4 million package of loans on the properties is in default - and Tishman... Continue Reading »