Wednesday, March 3, 2010

So it is a war room...or a data room?

I suppose technically you call a company's internal room regarding a deal a war room and a target company's room where due diligence materials are housed a data room. In any event, GGP may have so much stuff that you will need a physical location where bidder can go. At least that is what Crain's reports. And, not shockingly to me, word is Vornado may join the fun too. This could lead to Rodamco North American redux. And is this the sign we need of a turnaround?

I'll try to write again after stories come out of the bankruptcy hearing.