30.07.2009 - Equity in US commercial property may evaporate
From Reuters: The equity in $1.3 trillion worth of U.S commercial real estate acquired or refinanced in 2006 through early 2008 is at risk of being completely wiped out by price collapses, according to a report by Real Estate Capital Analytics. About $2.2 trillion of properties acquired or refinanced after the 2004 start of the commercial real estate bubble have lost value, according to the report, released on Wednesday by the real estate data company.........Full Article: Source