CRE squeeze could undermine economic recovery, officials say:

07/10/2009 | Financial Times (tiered subscription model)

Property officials are asking the federal government for help in staving off a collapse of the commercial real estate market, which is being hard-pressed by the credit crunch. "I am here today to continue to sound the alarm bell," Jeffrey DeBoer, president of the Real Estate Roundtable, said at a congressional hearing. "The size of the [credit] problem is large today and, if not addressed, could become large enough to undermine the positive economic growth signs that are starting to appear."

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