Commercial real estate debt feels impact from Lehman bankruptcy — WSJ

The Saint Reportsaintblog, Uncategorized0 Comments

lehman Banks are feeling pressure to sell off commercial real estate debt ahead of the expected liquidation of Lehman’s $30 billion property portfolio, Michael Corkery and Lingling Wei report in The Wall Street Journal.

Thanks to Commercial Watch blog for publishing this report, as some investors in big apartment projects that Lehman backed in the South Florida market — Donald Trump’s condo tower in Hollywood, the new Canyon Ranch Miami Beach resort — may feel pressure to sell and deterioration in property values.

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