03.07.2009 - Real Estate – Hedge-fund and private-equity firms under pressure to sublet office space, Health of the U.S. housing market (video)
From WSJ.com: On top of the lumps taken from the credit crisis, stock-market declines and the recession, hedge-fund and private-equity firms now have a real-estate problem. After loading up on lavish office space near the top of the market, some firms are trying to sublease what they don't need for as much as 30% less than their rental rate..........Full Article: Source