Roughly 25% of the nation’s leased office space is set to expire in 2011 or 2012 and tenants are moving into the driver’s seat in negotiating new terms with landlords already pressured by a glut of vacant space... [...more...]
...While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in the last couple of years, it is also becoming evident that bad bank management and, in some cases, outright deceit, were at the core of many of the banks' problems...[...more...]
Though demand for office space remained weak, the second quarter delivered the first positive net absorption in a year and a half thanks to a limited amount of space being returned to the market. [...more...]