Storm coming for commercial R.E.
Boston Business Journal reports: A commercial real estate storm is brewing in Boston that threatens to wash away investors who bought at the peak of the market a few years ago.
It might end up becoming as ugly as the commercial real estate crash of the late 1980s, when lenders routinely took the keys back without mercy, say observers in the real estate community.
Between 2006 and 2007 investors tapped $4.5 billion in commercial mortgage-backed security debt to help acquire some $34 billion in commercial real estate in Greater Boston, according to Jones Lang LaSalle and the New York research firm Real Capital Analytics Inc.
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Posted by: Nina Turner