[LomanBill]

[The value of commercial real estate is heavily dependent on its stabilized cash flow]

Yep. Can't run a business on empty...



...this building on Space Center Drive / Technology Ct in Colorado Springs was completed in 2008. It has never been occupied. To me, it's the canary in the economic coal mine.

[RSmithOpt]

re #13.......wow...what a prime example as to why AIG and others have had to suck more on the taxpayers' teat.

I wonder whom all owns all the CDS junk paper on that money pit?

OF course, their prized CDS paper doesn't say spit about their percentage of investment on that address and its value/loan amount.

[Jimmy Valentine]

Somebody is catching a major fanny whipping on that one. I wonder if the owners have turned the keys over to the bank yet.

Any big developer can stand a dead building or two. After that the carry multiplies to the point that it drags down other properties.

There is a domino effect,which only accelerates.