Area market flat, but may get worse
Chicago Tribune reports: The Midwest is fairly stable and Chicago is among the strongest urban markets in the United States.
Dan Fasulo
said developers in general have not brought too many commercial
buildings to market, so oversupply is not an issue.
"It's the capital markets that are putting us in trouble," Fasulo said.
Our research shows how Wall Street has backed out of financing
building acquisitions. Last year big investment houses
were the largest single source of financing for all types of commercial
real estate.
These days buyers are taking over existing loans or even paying all cash for properties.
View the full article on Chicago Tribune: Area market flat, but may get worse
Posted by: Nina Turner