11/24/2004 Issue

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TOP STORY: Attention, CMBS Shoppers: Kmart-Sears Merger May Be Risky
By Bennett Voyles

Kmart Corp.’s recent surprise announcement that it intends to buy Sears may be bad news for CMBS investors, at least in the long term. For CMBS investors, the Sears exposure is probably the most significant part of the $11.5 billion deal.


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