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Ilyce Glink: The State of Real Estate Today

The Long View

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The Ripple Effect of the Office Tower Conversion

I think there's going to be a whole lot of these properties handed back to lenders. I mean, commercial property is valued quite differently than residential. It's all about what rent you have coming in and not at all about location or, you know, how nice the carpet is. So we'll have to see what happens with those properties,. How many there are and what the lenders decide to do with them.

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