Radio Smart Talk appearance
Next year could be when the nation witnesses another economic crisis -- this one involving commercial real estate. Mortgages on commercial properties like shopping malls and office buildings often are for five or 10 years. In 2005, more commercial mortgages than usual were taken out as many thought rents would continue to rise and business would be clamoring for the space...
Instead, last year's economic meltdown resulted in less demand for commercial space and rents not increasing. Banks and financial institutions that hold the commercial mortgages could be left holding the bag,
Guests: Eric Veronikis, Central Penn Business Journal and Dan Alderman with NAI CIR. Click the link to the right to access the podcast from this show.
