Commercial property faces hard times, not Armageddon

October 24, 2009 by admin
Filed under: Real Estate 

Robert Bach, chief economist at Grubb & Ellis, is one of many industry experts who reject the contention commercial real estate’s problems could bring down the entire financial system of the U.S. “These problems are focused in regional banks and the Federal Deposit Insurance Corp. has a tested method of shutting those down on Friday and opening them on a Monday under the auspices of a bigger bank,” he said. “These are not too big to fail banks. I don’t see [commercial real estate] as an unmitigated disaster. I see it as a repeat of what happened in the 1990s. …” The Business Insider

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