08.09.2011 - Can commercial real estate keep going up?
Three years on from the Lehman Brothers bankruptcy, it is safe to say that the deluge of commercial real estate (CRE) bargains that investors had expected from stricken banks in the US and Europe will not materialize. Although the stand-off between balance-sheet lenders and potential distressed investors has eased over the past year (with several important portfolio divestments already executed and more coming to market) industry-wide recapitalization and deleveraging on both sides of the Atlantic have prevented forced selling and restricted the flow of dirt-cheap opportunities..............................................Full Article: Source
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