Lehman sale shows commercial real estate woes
The International Herald Tribune reports: Lehman Brothers' do-or-die decision Wednesday to spin off up to $30 billion in commercial real estate loans and buildings highlights how jittery worldwide investors are about all things real estate.
"These are difficult times, there's no way to sugarcoat that," said Dan Fasulo, managing director of research firm Real Capital Analytics, which estimates that total U.S. commercial property sales were down 70 percent in July from last year's levels.
View the full article on The International Herald Tribune: Lehman sale shows commercial real estate woes
Posted by: Matt Stone