i'm excited', page-9

This gives the general picture and there are plenty of articles - the property crash started to bite in April/May. http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUST13774020081009.

Since this article, more have filed for the equivalent of Chapter 11.

Many of the US Investment Banks which went down had exposure to Japanese property (eg Lehman Brothers)- their default on major projects has also impacted the market.
Will send through the link with the bankruptcy stats if I can find it again (Bloomberg two weeks ago I think).

BJT released valuations Jan 08, I imagine Jan 09 will be the update and have some, but hopefully not too much pain. They have released recent guidance on their gearing to the ASX and lease vacancy timeline in the annual return.