8/19/2009

The Federal Reserve's decision to extend its Term Asset-Backed Securities Loan Facility might not help the slumping commercial real estate sector as many had hoped, Kevin Grewal writes. "Many believe that consumer spending and confidence is the only thing that will prevent the commercial real estate market from weakening," he said. "In a nutshell, although TALF has been beneficial and has reduced the cost of borrowing, it is ultimately up to the consumer to determine the fate of commercial real estate."

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