04.11.2010 - US: In commercial real estate, signs of moderating pain
From WSJ: New data points are painting a picture of slowly moderating pain in commercial real estate. The delinquency rate for securitized commercial real-estate loans fell in October for the first time in more than a year, data firm Trepp LLC reported. The drop came as distressed loans were being liquidated at a more rapid pace, Trepp said. The biggest reason for the decline: the exit from bankruptcy in October of hotel chain Extended Stay America Inc..............................................Full Article: Source
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