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Economic Uncertainty Is Slowing The Flow of All-But-the-Best Project

Publication Date: 19-NOV-08
Author: Housely Carr
Format: HTML

    
Description:
Next year may turn out to be one of the toughest years in recent times for developers of new office, retail, hotel and other commercial projects. A variety of negative forces, including the economic slowdown, overbuilding and unavailable funding, are making it increasingly difficult for all but the most "sure-thing" projects to advance to financing and construction, according to developers, real estate investment trusts and industry analysts.
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