Links: 2010-02-28 – CRE meltdown in DC, emigration from Ireland and more
The last feature on the list of links below is on CRE in Washington D.C. where the economy is fairly robust. If you know anything about these properties, you would agree these are not poor properties at all. The problem with them is not location or property maintenance; it’s the debt. The properties were leveraged beyond reason and now their cash flows are falling short.