Thursday, February 11, 2010

More CRE Issues.

Why oh Why are we still positive on the banks? Can someone please tell me?

http://www.boston.com/business/articles/2010/02/10/down_to_its_last_chance/

"The state Department of Transportation yesterday told the project’s developers they are in default of their 99-year lease, after stalling on plans to build an $800 million complex above the Massachusetts Turnpike that would have united the Back Bay and South End neighborhoods."

This is one of the greatest mysteries right up there with Stonehenge.

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