9/29/2010

Bank loans remain out of reach for contractors wanting to erect office buildings, so some developers are wagering their own money and betting that a market exists for skyscraper space. "You have tenants saying, 'I don't want to commit to a lease in your building until I know the financing is there,' and lenders saying, 'I don't want to commit to financing your building until I know the tenants are there,' " said Anthony Westreich, CEO of Monday Properties.

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