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Commercial Properties Squeezed

Owners of malls and office buildings are starting to feel the subprime pinch

By Jim O'Neill, Newser User

Posted Dec 26, 2007 8:05 AM CST

(Newser) – Add the once-solid commercial real estate market to the list of sectors felled by the subprime mortgage contagion, as owners of malls, apartment complexes and office buildings have seen financing disappear, prices plunge and the pace of sales dwindle 50%, reports the Wall Street Journal.... Read full story »

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Commercial Properties Squeezed

Owners of malls and office buildings are starting to feel the subprime pinch

subprime mortgages • office buildings • commercial paper • real estate values • commercial real estate

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More Newser Stories

Record $5.4B NYC Apartment Complex Lost to Creditors

Stuyvesant Town project collapses under debt

Credit Freeze Hits High Fliers of Commercial Real Estate

Slowdown plus tough credit slams office market

Commercial Real Estate Will Slow, Not Tank

Malls, offices won't be hit nearly as hard as housing, experts say

Goldman Analysts Warn of Next Crisis

Commercial real estate outlook even worse than subprime situation

Markets Drop as KKR Unit Delays Payment

Concern about liquidity in the US has investors selling off in Asia

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