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December 18, 2008

Commercial Properties in Distress

In the New York metro area, there are already 32 commercial properties in distress. Those buildings, valued at $3.4 billion, belong to owners who have either gone bankrupt, defaulted on their mortgages or put their property in foreclosure. Another 236 properties, valued at $8.6 billion, are potentially troubled, according to the study [by Real Capital Analytics]. - Crain's NY




Posted by lisa at 10:14 AM
Categories: Commercial Real Estate

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