Comml RE Outlook Getting More Dire As Credit Remains Frozen
The outlook for commercial real estate is getting more dire amid few indications that frozen credit markets will thaw soon...A recent NAR report noted that investment in commercial real estate during the third quarter was down 70% to $34 billion. The organization expected that figure to plummet to 95% for the fourth quarter.
Did that just say plummet 95%?
And mall giant General Growth Properties (GGP) is frantically trying to stave off bankruptcy by negotiating with its lenders to extend roughly $3 billion in loans. That is Billion with a "B"
Continue reading here: Comml RE Outlook Getting More Dire
No comments:
Post a Comment