Have we hit bottom in commercial real estate?

  • Article by: DON JACOBSON , Special to the Star Tribune
  • Updated: March 24, 2011 - 1:44 PM

Three of commercial real estate's four sectors appear to have stabilized, but the verdict on the fourth - office - is still out.

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democratslieDec. 5, 10 8:34 PM

What we need to revive the economy is MORE TAXATION. That's been Obama's platform all along and it has been working wonders, hasn't it?

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folden1Dec. 5, 10 9:14 PM

According to the head of Harvard Business School (who has a little more cred than a realtor), there will be $1.4trillion in commercial real estate coming due in the next three years, half of it is already underwater. The commercial bubble hasn't begun to deflate. Watch mid to small sized banks take an enormous hair cut. Large banks will be bailed out for a second, and perhaps third, time.

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morejusticeDec. 5, 10 9:45 PM

Hah! Demand will only go up when prices drop to the "bottom."

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morejusticeDec. 5, 10 9:46 PM

Let the price hit bottom and they you will see a turn around!

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glennbeckfanDec. 6, 10 4:47 AM

Like my mother use to say "If you have to ask, then you already KNOW (NO) the answer". Of course not. The market needs to self-correct another 20-30% minimum. Will it be allowed to or will the Federal Reserve as Federal as Federal Express try to keep this bubble from popping too by continuing to interfere with the private market? I would always bet against the Fed. So if they say everything is shored up and okay, I would start betting against the opposite.

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glennbeckfanDec. 6, 10 4:48 AM

I like how the Star tries to do some more shielding of the Owebama administration with this article. The economy is improving, that is why the Debt is skyrocketing and unemployment is going up. More doublespeak 1984 style, courtesy of the Star.

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joeeeeeeDec. 6, 10 6:18 AM

I guess glennbeck doesn't know as much as they say.

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