Commercial property optimism said to be boosting banks

November 18, 2009 by admin
Filed under: Real Estate 

The word among the panelists on CNBC’s “Word on the Street” program was regional banks are gaining because the picture is brightening in the commercial real estate sector. Commercial property has a disproportionate impact on regional banks because they have significant exposure to commercial mortgages. The successful CMBS offering by Developers Diversified Realty was offered as evidence that “REITs are able to refinance.” CNBC

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