Want An Office Building?
The St. Louis Post Dispatch has this report. "Two office buildings in west St. Louis County have been foreclosed, but several brokers say it should not be taken as a sign of weakness in the market."The offices, known have lost major tenants in recent months. In both cases, GMAC Commercial Mortgage held the notes. Both are considered Class B office buildings. 'I don't think you could call those buildings bellwethers,' said Jack Reis."
"The office market in St. Louis has been especially attractive lately to out-of-town investors."
posted by Ben Jones @ 1:14 PM
1 Comments:
Chip,
Like the article said, there has been speculation in commercial space too. When Texas had it's RE bust, strip centers and office building went down in price even more than homes in some areas. After all, you can't even live in a vacant strip center.
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