Investors waiting for CRE to fall further

01/9/2009 | Investors Business Daily

Buyers of distressed CRE assets are still sitting on the sidelines waiting for conditions to worsen. "You don't get distressed until there is enormous pain, and that has not happened yet on the commercial side," said Peter Lewis, president of Madison W Properties in New York. "It will take at least six months for real distress to happen."

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