Forcast for commercial real estate is becoming shaky.
According to the Wall Street Journal (WSJ), the forecast for commercial real estate is becoming shaky. According the WST “…if it were a movie, it might be called “Subprime II: Monster in Your Mall.” We at P.E. Pennington & Co., Inc. wrote an article in August and had concluded that the single family Subprime Crisis had bled over into the commercial real estate market. Apparently CMBS are becoming to recognize the potential problem Based on the fact that “…no commercial mortgage-backed securities-pools of commercial real estate loans -were issued,” in January 2008. This is the first time that this has happened since 1990.