Blumberg Capital Partners was recently featured in a Saudi Gazette article titled "Commercial estate bailout needs ‘painful deleveraging’ to succeed".
An excerpt:
An analysis of commercial real estate values, leasing and vacancy trends shows that any government bailout of the industry will require a painful, significant deleveraging to succeed, Blumberg Capital Partners, one of US leading investment fund managers, said on Tuesday.
Blumberg Capital Partners’ new office market assessment, which takes into account the fresh economic data from the past two months, comes on the heels of its widely cited prediction in October that commercial real estate prices in 2009 could drop some 20 percent further- - on top of an anticipated 15 percent drop this year.
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