Commercial real estate loan defaults skyrocket

WASHINGTON — With loan defaults rising, analysts say the struggling commercial real
estate industry is poised to fall into the worst crisis since the last great property bust
of the early 1990s.

Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen
sharply in recent months and are likely to soar through the end of 2010 as companies
lay off workers, downsize or shut their doors...

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