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US: Property investors want room with a queue

Posted on 26 November 2010

From WSJReal-estate investors are gearing up for the next party well before their hangovers from the last one are gone. Across certain segments of the U.S. property market, investments made last decade continue to suffer under heavy debt loads.
Just last week, the owners of Manhattan’s iconic Lipstick Building sought bankruptcy protection, and liquidity problems are likely to push many others to the brink as debt comes due. Yet in some places, signs of a resurgence are bubbling up. Apartment rents, for instance, are on the rise and appear to have some momentum……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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