24.10.2008 - US commercial property values seen down 25-30 pct
From Reuters: U.S. commercial real estate values may drop as much as 30 percent from their peaks as financing options are pinched by the credit crunch and lenders demand higher returns, according to JPMorgan Chase & Co. The slowing economy has also led to rising vacancy rates and a slowdown in cash flows from the properties used to finance debt, JPMorgan analyst Alan Todd said in a slide presentation for a Thursday conference call..... Full Article: Source
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