The lending at the Big Banks has frozen up.
Local lenders seize the opportunity, Columbia Bank, Peapack-Gladstone among others writing multi-million dollar loans.
Steve and Barry retailer files for the big one.
Looks like the retail rents have once again fallen way south, office rents are holding but more concessions for tenants are coming quickly in the form of free-rent.
Industrial rents are slipping but holding in key mkts. where the vacancy factor is less than 5%.
Less and less and less bigger deals are happening. Lots of 50,000 sf and under flex deals becoming the mainstay of the mkt.
Chris
Tuesday, July 15, 2008
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