Commercial property worth billions in US in distress
Commercial Property Wire reports: At least $107 billion worth of income generating commercial property in the US is already in distress or heading that way, according to analysts.
Data from research company Real Capital Analytics shows that the owners of the building at 450 W 33rd Street in Manhattan, whose tenants include The Daily News, have to repay $1.2 billion in debt by spring 2009.
View the full article on Commercial Property Wire: Commercial property worth billions in US in distress
Posted by: Nina Turner