Regency Centers Corp. went public with its offer to acquire AmREIT Inc. for $22 per share. European banks and asset management agencies have a gross exposure of 584 billion ($795 billion USD) to non-core real estate which is subject to disposal or work-out strategies. Love Culture Inc., a womens-wear retailer with more than 80 stores, is preparing to file for bankruptcy in a New Jersey court. These are among todays 10 must reads from around the commercial real estate sector.
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