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Mar. 30, 2010

The View - How to Save the Commercial Real Estate Industry

By JOSEPH ORI The commercial real estate industry is the next big shoe to drop in the U.S. economy and may push the fragile economic recovery into a double-dip recession.

By JOSEPH ORI

The commercial real estate industry is the next big shoe to drop in the U.S. economy and may push the fragile economic recovery into a double-dip recession. It is a $5 trillion business and its health and vibrancy is critical to a strong and growing economy.

The industry has been hit by the perfect storm of the great recession, an average decline in property value of 40 percent, increase in risk aversion by investors, lack of n...

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