Commercial real estate feels pain of credit crunch

12/26/2007 | Wall Street Journal (free content), The

Add commercial real estate to the list of segments of the economy to be hit by the credit crunch. Prices have been pushed down, and some owners are now struggling to find cash. "Where we're really in a fog is on the capital markets side," said Michael Giliberto, a managing director of JPMorgan Chase & Co.

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Wall Street Journal (free content), The

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