Word: malle
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...bailout may be coming to your local mall...
General Growth (GGP), the big mall owner, filed for bankruptcy, as many experts thought it would. The company has $27 billion in debt and, with real estate prices depressed, it may be impossible to raise even close to that amount of money through asset sales...
According to The Wall Street Journal, "The bankruptcy will have far-reaching implications for the mall industry, including putting pressure on already declining property values of U.S. malls, and subsequently mall mortgages." Put another way, the commercial property business is about to be hit by a domino effect. Prices drop, defaults rise, and more properties have to be sold, so prices drop again. (See pictures of the Top 10 scared traders...
...Malls are only the tip of the commercial real estate iceberg. Large office buildings in the nation's biggest cities are experiencing growing vacancy rates and a raft of tenants who are behind on their rent payments, or worse, have defaulted. Replacing the tenants is difficult without dropping rents significantly which further compromises the ability of these office building owners to make their own mortgage payments. In is not unlike the problem mall owners face as retail outlets close due to lack of sales...
What was the most difficult stunt you've performed in a movie? Robert Quach, DALLAS The shopping-mall scene in Police Story where I jumped onto the chandelier and slid down 75 ft. (23 m). There was no protection. [After landing] I had to get up, grab the bad guy and punch him, all in one shot. That stunt was like suicide...