Parsad Posted October 30, 2009 Share Posted October 30, 2009 Out of the multitude of businessmen out there, I hold Wilbur Ross quite high, and he had some very interesting comments about the U.S. commercial real estate market today. Cheers! http://www.bloomberg.com/apps/news?pid=20601087&sid=aoRYl03Rw1_g&pos=5 Link to comment Share on other sites More sharing options...
omagh Posted October 31, 2009 Share Posted October 31, 2009 As with most over-builds in the economy, eventually there is a firesale below replacement cost -- http://en.wikipedia.org/wiki/Dark_fiber#Dark_fiber_overcapacity dark fiber and railways were classic over-builds. I'm sure that Ross has an elephant gun. -O Out of the multitude of businessmen out there, I hold Wilbur Ross quite high, and he had some very interesting comments about the U.S. commercial real estate market today. Cheers! http://www.bloomberg.com/apps/news?pid=20601087&sid=aoRYl03Rw1_g&pos=5 Link to comment Share on other sites More sharing options...
oec2000 Posted November 1, 2009 Share Posted November 1, 2009 I'm sure Ross is right to some extent but let's not forget that he is also talking his book. Isn't he waiting to scoop these assets cheap with the help of the govt? Link to comment Share on other sites More sharing options...
shalab Posted November 2, 2009 Share Posted November 2, 2009 Talked to a person that works in USB lending dept for small businesses. He said he is not seeing commercial real estate tanking yet even though occupancy rates have fallen. He says the sellers are holding tight and this may be the last thing to correct before the economy recovers. He thinks most of the damage in residential is already done. cheers! Shalab Link to comment Share on other sites More sharing options...
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