Problems with mortgage-backed securities ultimately led General Growth Properties Inc. into last week’s bankruptcy filing, but there may be repercussions beyond basic asset sales and cost cuts for other real estate investment trusts and their tenants.
“It casts a dark cloud over all the REITs that are out there, but one should not draw any hasty conclusion that others will follow. The General Growth filing was inevitable….They had a big expansion spurt a few years ago and leveraged everything. They grew a little too big too fast,” said Anthony Sabino, a professor of law and business at St. John’s University.
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
"Stephen King is such a master, but I don't like being scared - there's enough that's really scary. How about the morning's news?" says Holland Taylor in an interview with WWD. See what else the actress said about starring in the TV adaptation of King's thriller "Mr. Mercedes" on WWD.com. #wwdeye (📷: @jgreenery)