Report: CRE delinquencies will continue to increase

05/12/2009 | New York Observer, The

Despite stock market optimism, commercial real estate still faces problems, according to a Standard & Poor's report released Monday. The report said delinquency rates in the sector are on pace to surpass the highest levels ever recorded. "Until liquidity returns to the sector, we expect special servicers to execute more extension agreements as part of their 2009 loan workouts," the report's authors wrote.

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New York Observer, The

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