The Department of Justice is now looking into whether banks "colluded" with developers to accept lower prices for LIHTCs for some properties than might have been available from other investors.
Brookfield has already sold around $4 billion in stakes in some GGP malls to joint venture partners to help pay off some of the debt from the acquisition.
The credit grader published an unsolicited assessment in April that ranked WeWork’s $702 million of unsecured debt in the lowest speculative-grade tier.
Sears is battling with the operators of its Sears Hometown stores, reports Forbes. Moody’s Corp. is acquiring data provider Reis Inc., according to a press release. These are among today’s must reads from around the commercial real estate industry.
