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“The Next Tsunami to Hit will be the Commercial Real Estate Market”
Posted By admin On December 13, 2008 @ 4:21 am In Featured Stories | Comments Disabled
George Washington’s Blog 
Saturday, Dec 13, 2008
I am hearing first-hand stories from some top people in the commercial real estate business that the market is crashing.
Even the big boys – big mall-owners and the owners of office buildings – are losing their financing, and can’t to deals.
The Wall Street Journal  wrote about the looming commercial real estate crisis in November, leading off with the quote “The next tsunami to hit will be the commercial real estate market”. Bloomberg  and others have covered it. Stories of defaults by the owners of shopping malls are everywhere  (and see this ). Some urban regions are experiencing commercial vacancies of 15 percent to 20 percent .
I’m hearing the same thing from the horses’ mouths.
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URL to article: http://www.prisonplanet.com/%e2%80%9cthe-next-tsunami-to-hit-will-be-the-commercial-real-estate-market%e2%80%9d.html
URLs in this post:
 George Washington’s Blog : http://georgewashington2.blogspot.com/2008/12/next-tsunami-to-hit-will-be-commercial.html
 Wall Street Journal: http://blogs.wsj.com/deals/2008/11/04/the-great-commercial-real-estate-crash-mark-your-calendars/
 Bloomberg: http://www.bloomberg.com/apps/news?pid=20601087&sid=acMZcgnTl07Y&refer=home
 everywhere: http://www.google.com/search?q=mall+owners+defaulting&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
 this: http://georgewashington2.blogspot.com/2008/12/will-second-largest-us-mall-owner-file.html
 vacancies of 15 percent to 20 percent: http://finance.yahoo.com/tech-ticker/article/145277/The-Coming-Commercial-Real-Estate-Crash?tickers=%5Esbux,%5Egspc,%5Edji,tgt
 Commercial real estate maturities will peak in 2012 – $350 billion in loans coming due and hundreds of additional bank failures. Bank lending in the CRE market collapsing: http://www.prisonplanet.com/commercial-real-estate-maturities-will-peak-in-2012-%e2%80%93-350-billion-in-loans-coming-due-and-hundreds-of-additional-bank-failures-bank-lending-in-the-cre-market-collapsing.html
 Real Estate Bigwig Zell Sees 2009 Recession: http://www.prisonplanet.com/real-estate-bigwig-zell-sees-2009-recession.html
 The “Current Housing Recession is Rivaling the Great Depression’s Real Estate Downturn [and] Will Easily Eclipse It In the Coming Months”: http://www.prisonplanet.com/the-current-housing-recession-is-rivaling-the-great-depression%e2%80%99s-real-estate-downturn-and-will-easily-eclipse-it-in-the-coming-months.html
 The Coming U.S. Real Estate Crash: http://www.prisonplanet.com/the-coming-u-s-real-estate-crash.html
 Don’t Buy A House In 2011 Before You Read These 20 Wacky Statistics About The U.S. Real Estate Crisis: http://www.prisonplanet.com/don%e2%80%99t-buy-a-house-in-2011-before-you-read-these-20-wacky-statistics-about-the-u-s-real-estate-crisis.html
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