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October 11, 2008
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Today's Real Estate News
General Growth's Free Fall
A credit-rating downgrade slammed General Growth Properties stock again, stoking takeover rumors.
Slowdown Is Reaching Even 'Saskaboom'
There are signs that the braking global financial system is damping real-estate demand even in one of the few healthy markets in North America.
Citi Scales Back Mortgage Business
Citigroup is largely exiting the wholesale mortgage business, a step that many rival banks took last year.
Hotel REITs Seek to Conserve Capital
Hotel companies are now facing a new challenge: how to conserve capital.
Hypo Borrowers Exhale
Among those breathing a hearty sigh of relief this week after the German government bailed out lender Hypo were developers Related and Metropole.
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