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Archive Home > 2008 > August > 22 > Commercial property, bankers fear, may be ‘next shoe to drop’

Commercial property, bankers fear, may be ‘next shoe to drop’

By Louise Story / The Bulletin
August 22, 2008

As the value of home mortgages crumbles by the day, Wall Street has hoped that commercial real estate loans would stay clear of the storm.

But bankers believe the headwinds may be shifting after a large apartment complex in Harlem warned last week that it might not be able to make good on a $225....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.