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New York - Real Estate Bubble About To Crash More

Jul 10, 2009 at 09:53 AM

New York - Long-awaited evidence that the commercial real estate market is about to stumble may finally be emerging. According to newly released data from Real Capital Analytics, some $108 billion worth of commercial real estate is either in default, foreclosure or bankruptcy as of July 1, a jump of $60.5 billion from the start of the year as office and residential rents sag, condo sales...

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