6/23/2009

Prices of recent commercial real estate deals suggest that the market won't undergo a quick recovery, Merryn Somerset Webb writes in a Financial Times commentary. She points to Boston's John Hancock tower, which sold for just $660 million after the previous owners went into default on some loans. "The market seems to have stalled for now and it will probably need clear evidence of an actual upturn in the global economy to move upward again. I can't think where it will get that from," she writes.

Related Summaries