Philip Blumberg sat down with Jeanne Yurman of Reuters on June 23rd for a Commercial Real Estate report. Blumberg Capital Partners says commercial real estate "will be another real stomach blow" to commercial banks where writedowns could be more than 50-percent.
Philip Blumberg, speaking at the 2009 Global Real Estate Summit in New York, says "it's no wonder why these commercial banks aren't lending." Separately, Blumberg says he expects to make some investments in the London property market where "they've taken writedowns and are closer to the bottom."
Market Spillover: Philip Blumberg of Blumberg Capital Partners comments on what will happen when the foreclosure epidemic in the residential market spreads to commercial real estate.
Philip Blumberg appeared on CNBC's Squawk on the Street today, along with Rick Santelli, to discuss whether commercial real estate still yet to build in terms of the crisis.
How Do the Markets Relate? Philip Blumberg of Blumberg Capital Partners comments on how problems in the residential market can -- and do -- effect other markets. For more news and information, visit Blumberg Capital Partners.
Subprime Meltdown Effects: Philip Blumberg of Blumberg Capital Partners discusses how the subprime meltdown and the resulting credit crunch is effecting real estate. For more videos and real estate news, visit Blumberg Capital Partners.
