Blumberg Capital Partners was recently featured in an article on GlobeSt.com titled "Fundamentals Worsen as CRE Industry Eyes Bailout Funds".
An excerpt:
Up until September the commercial real estate industry had had just enough breathing room to keep from going into free fall. A credit squeeze had shelved or delayed many projects – but fundamentals were still strong, and the economy’s recession shallow.
A new report by investment fund manager Blumberg Capital Partners, found that maturing debt obligations will come under even more stress in 2009 with leasing rates poised to drop an additional 20%. Office vacancies could potentially rise to 25% by the end of the year, and take until 2011 to stabilize.
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