Commentary: Dubai World collapse is troublesome for CRE markets

12/4/2009 | Washington Post, The

The collapse of Dubai World could spell trouble for other commercial real estate entities, Sebastian Mallaby writes. JPMorgan Chase "estimates that U.S. commercial real estate prices will keep falling until late next year, raising the risk of more defaults and undermining the collateral that secures a large slice of banks' loan books. The banks will continue to bleed money, curtailing their ability to extend fresh loans to other businesses," he writes.

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