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Cracks appear in US office market.
- Article from:
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Australasian Business Intelligence
- Article date:
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July 2, 2008
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Copyright informationCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Anthony Hughes and Paddy Manning
Jul 02, 2008 (The Australian Financial Review - ABIX via COMTEX) -- The US commercial property market is uncertain in mid-2008. The commercial mortgage-backed securities (CMBS) market remains closed. Yield spreads on outstanding issues widened in June, due to further concerns about losses on loans. Goldman Sachs JBWere has warned that exposure to commercial property will cause more write-downs by banks. Analysts said that the sector is not oversupplied, defaults on commercial mortgages are fairly low and there is strong demand from ...
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