CBS Evening News for Thursday, Apr 16, 2009
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(Miami: Kelly Cobiella) Hard times in the commercial real estate market examined; statistics on retail closings and commercial mortgages at risk of default or foreclosure cited. [GGP president/COO Tom NOLAN- says there isn’t enough capacity in the credit markets to refinance the debt.] [Property owner Yves BARROUKH- comments on his vacancy rate.] [Business owner Barbara BURGIS- notes her rent was as low as it could go.] [Real estate investor Jose FERNANDEZ- says you’re just spiraling downward.]
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