Despite the dire warnings about commercial real estate, REITs have been on a roll. And Simon Property Group -- one of the world's largest mall owners -- is now highly favored by some investors who see it as the big winner if economic rebound gains strength.
Xanadu, the gargantuan New Jersey entertainment and retail complex, could be toast. Less than a year ago, analysts were arguing that the project was "too big to fail," but the state of New Jersey may be considering a move to seize the land as the developer struggles to find new financiers.











