Commercial Real Estate Crisis Looming?

In the next five to seven years, $3.4 trillion in commercial real estate mortgages must be refinanced, said Tishman Construction CEO Daniel Tishman. He notes that unemployment in the construction industry is about 18.2% nationally and expects many companies to struggle to find financing. “The capacity just isn’t there,” he said. To solve the looming crisis, the government must initiate new programs to assist with financing

Daniel Tishman, chairman and CEO of the Tishman Construction Corporation, discusses the state of the commercial real estate industry. See CNBC

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