Calculated Risk: CRE Owner "Walking Away"
As I've noted before, CRE owners are much more willing to just walk away than residential owners.I think that this is a huge problem awaiting us in 2009/2010. The company that I work for just sold off 3 buildings for about $26 million and leased 2 of them back. It will be interesting to see how long the 3rd building will stay empty.
No comments:
Post a Comment
Not moderated but I do delete spam and I would rather that people not act like assholes.