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Old 06-08-2010, 10:56 PM
 
Location: USA
2,362 posts, read 2,710,592 times
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It's not the beginning. Even "well-ran" & "conservative" developers like Opus have been hurting for a long time.

Crisis at Opus Signals Trouble at Private Developers - WSJ.com

And are we really surprised that malls are struggling?
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Old 06-08-2010, 11:23 PM
 
69,360 posts, read 58,680,798 times
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Originally Posted by CityD View Post
I've been hearing this for two years. It is now nearing the end of the 2nd quarter of 2010. Has it tanked yet?
For some large real estate companies, it indeed has tanked. The only thing keeping the rest from collapsing is the willingness of banks to extend previous terms with their mortgagees..
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Old 06-08-2010, 11:26 PM
 
69,360 posts, read 58,680,798 times
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Quote:
Originally Posted by Gary Siete View Post
This thread is over a year old. The commercial real estate collapse didn't happen.
Tell that to the very large real estate owners and developers currently in bankruptcy..
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