- Prison Planet.com - http://www.prisonplanet.com -

“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 [1]
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 [2] 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 [3] and others have covered it. Stories of defaults by the owners of shopping malls are everywhere [4] (and see this [5]). Some urban regions are experiencing commercial vacancies of 15 percent to 20 percent [6].

I’m hearing the same thing from the horses’ mouths.

Article printed from Prison Planet.com: http://www.prisonplanet.com

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:

[1] George Washington’s Blog : http://georgewashington2.blogspot.com/2008/12/next-tsunami-to-hit-will-be-commercial.html

[2] Wall Street Journal: http://blogs.wsj.com/deals/2008/11/04/the-great-commercial-real-estate-crash-mark-your-calendars/

[3] Bloomberg: http://www.bloomberg.com/apps/news?pid=20601087&sid=acMZcgnTl07Y&refer=home

[4] 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

[5] this: http://georgewashington2.blogspot.com/2008/12/will-second-largest-us-mall-owner-file.html

[6] 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

Copyright © 2013 PrisonPlanet.com. All rights reserved.