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Commercial Real Estate: woes upon woes

Submitted by Robert Eisenstein on Tue, 02/09/2010 - 12:32
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Hi All,
Just wanted to intro myself. I live out in Long Island New York, and things still are not so chipper out here as well!
To sum it up, a quote from a Local business paper out here said, "Take off those rose-colored glasses when it comes to commercial real estate - and put them away at least for a while. While observers see signs of an improving residential real estate market, many said commercial real estate could face an even more challenging 2010, including foreclosures and falling sale prices."
Is there an end in site? (Rhetorical Question)