Real Estate

GLG News^SM Analyses in Real Estate(?)

General Growth thinks its' Garbage is Golden

March 18, 2010

Analysis by:Kenneth Leonard, Principal,

Analysis of:General Growth labels its' "bad" assets | www.chicagotribune.com

General Growth is a well run and successful company as I have said numerous times in this venue. However GGP, like all companies has made many mistakes and has acquired many under performing assets hidden within the package of good assets they bought from other companies. Some of these assets were good at the time they bought them but either turned "bad" thereafter or became "bad" because they overpaid for them.Now they want the public and their stakeholders to accept a $15.00 per share value for the package of under performing assets they have separated from their parent company as part of their propped recovery from bankruptcy.

Mall REITs Are Not Dying

March 18, 2010

Analysis by:Kenneth Leonard, Principal,

Analysis of:Retail exec: "There will be more mall foreclosures to come" | www.dailyherald.com

A poorly informed business reporter for the Daily Herald in Arlington, Va. writes about the foreclosure of a publicly subsidized shopping center known as Arlington Town Square. The writer then goes on to extrapolate this growing problem to shopping centers and malls throughout the country. This is just one more example of what I have been predicting is the flood of "the sky is falling" articles that could influence GLG clients if they are not better informed.

How much Credibility Has the MBA Lost?

March 10, 2010

Analysis by:Robert Canter, President-Founder,

Analysis of:Commercial Mortgages Performing Better than Other Loans: MBA | www.dsnews.com

This article is very telling about an Association that is in Deep trouble.This writer would suggest deep denial as well. With Banks having gone under in 2009 at a record pace and with even more Banks predicted to fail in 2010 this article would be comical if it weren't coming from the Mortgage Bankers Association.

A new age economy by 2015

March 7, 2010

Analysis by: GLG Expert Contributor

Analysis of:Affordability crisis leaves many out in the cold | www.chinadaily.com.cn

Within the strong holds of communist rule, China is soon to witness a good boom in economy around 2015-2020. Housing, satellite townships, entrepreneurship, agri growth would get a lift and the average educated people are sure to enjoy benefits of high style.

Chinese investors in Dubi real estate market

March 3, 2010

Analysis by: GLG Expert Contributor

Analysis of:In search of property bargains | www.chinadaily.com.cn

The domestic property market in China has soared over the past six months, and it is very likely to have a price adjustment due to the central government's tightening policy. While the US and Europe markets remain weak, Dubai remains the bright spot for investment. After the $10 billion bailout was sent out from Abu Dhabi, investors believe Dubai's economy has bottomed out and ready to bounce back.

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