Private equity giant Blackstone Group, long a prototype for finding opportunistic value in commercial real estate, is dusting off its playbook and reverting to an investment strategy it undertook in 2006 prior to the last peak in property values in 2007. Griffin-American Healthcare REIT II completed its previously announced merger with New York-based real estate investment trust NorthStar Realty Finance Corp. RadioShack said it got a notice from lenders Salus Capital and Cerberus Capital Management that it had breached covenants on a $250 million credit line. These are among todays 10 must reads from around the commercial real estate sector.
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