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Commercial Properties Worth $2.2 Trillion at Default Risk

News Link  •  Economy - Economics USA

Commercial Properties Worth $2.2 Trillion at Default Risk


07-29-2009  •  Bloomberg.com 
 Prices have fallen so far that about $1.3 trillion of properties have either lost their owners’ down payment or are close to it, Robert White, president of the New York-based research firm, said in a report. 
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Reported by Jack Gregson
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