Commercial real estate buyers, a bit like home shoppers, may have pushed prices up too fast.

Posted At : February 13, 2007 12:04 PM | Posted By : name
Related Categories: The Bubble

Homebuyers have been pilloried for their aggressive buying habits in recent years. And recent sluggishness in the housing market may be fair payback for previous overindulgences.

Big shot investors, meanwhile, have been having their own feeding frenzy on commercial real estate. Recent months have seen billion-dollar deals become routine. Buyers of trophy properties run from established real estate players – including Irvine Co. boss Don Bren – to Wall Street's hyperactive "private equity" pools of cash.

My gosh, Mills Corp.– the financially ailing operator of malls including The Block in Orange – is in play, no less.

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Buyer's Gravatar This article is accurate. I've seen this personally.
# Posted By Buyer | 2/11/07 8:35 PM
Carole's Gravatar I have commercial property that is 2/3 rented. I want to sell the
property since I am living out of the area.
# Posted By Carole | 5/14/08 12:40 PM
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