First Chrysler, Now General Motors
Friday, May 15, 2009
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General Motors joins Chrysler in cutting hundreds of dealerships from its ranks as the struggling automaker could be driving into possible bankruptcy by June 1st. But as Scott Gurvey reports, these massive dealership closures could also impact the commercial real estate market.
Related NBR Stories & Links
- 05-14-09: Chrysler Closes 789 Dealerships
- 05-14-09: GM Bondholders Want a Bailout
- 04-20-09: "Reviving the Economy: Real Estate"-Jeffrey Deboer, CEO Real Estate Roundtable
- 04-02-09: "Reviving the Economy: Real Estate"-Commercial Real Estate
- 04-03-09: The Obama Auto Task Force Continues To Tweak GM
- 08-11-08: The Credit Crunch Is Putting The Squeeze on Commercial Real Estate
External Links/Articles*
- Colliers
Abood Wood-Fay
Colliers Abood Wood-Fay is South Florida’s foremost local, privately-owned, full service commercial real estate firm with extensive experience and superior knowledge of the commercial real estate market. Colliers Automotive Real Estate's Sr. Director Owen Cone is interviewed in Gurvey's report. - Chrysler
This links to a May 15th press release titled: Chrysler LLC to Assume Supplier Agreements. - EDEN Property Company
EDEN is a land development company specializing in constructing small retail centers located on 1-5 acre corner parcels generally located at a traffic signal or otherwise located on a highly traveled retail corridor or highway. EDEN's Thomas Tourso is also interviewed in Gurvey's report. - General
Motors
This links to a May 14th press release titled: GM Files Supplemental Exchange Offer Prospectus.
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