2009-01-29 — wsj.com
North Star paid about $9.2 million and assumed debt on $18 million in bonds for Cincinnati Mills, a 1.4 million-square-foot mall whose anchor tenants include a Kohl's department store and a Bass Pro Shop, according to people familiar with the matter. That values the property at less than $20 a square foot. The price is a fraction of the average national rate of $134 a square foot paid for the few malls that traded hands last year, according to Marcus & Millichap Real Estate Investment Services.
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eollTZ at 21:50 2009-01-30 said:
We can use the empty mall space to set up shanty towns for the millions of people about to become homeless. Who says capitalism doesn't work ? Permalinkadd a comment | go to forum thread
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