Video Clip - BNN October 27th, 2009
Tuesday, November 3rd, 2009Topic: Commercial Real Estate’s Fine
Summary:
The picture for the commercial property market in the U.S. appears to be bleak. Major commercial real estate lender Capmark Financial filed for Chapter 11 bankruptcy, and the Office of Thrift Supervision ordered Liberty Bank to stop writing new commercial real estate loans. BNN speaks to Lynn Reich, President-Elect, Society of Industrial & Office Realtors, and Ian Gragtmans, Senior Vice President, Colliers International.