16.10.2008 - Commercial real estate financing goes from bad to worse
From Mlive.com: As hundreds gather today and tomorrow for the University of Michigan/Urban Land Institute Real Estate Forum in Grand Rapids, the shadow of the dire financial markets remains a major issue for many in the construction and real estate industry. For months, commercial real estate developers have complained the sub-prime market had prompted lenders to significantly tighten their purse strings on financing projects. As the situation in the financial markets went from bad to worse in the past few weeks, so too has commercial real estate development, industry leaders say..... Full Article: Source
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