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Real estate time bomb’ feared (Fort Wayne Journal Gazette)

Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry experts warned Thursday. Photo caption: The recession and credit crisis have halted construction of Boyd Gaming's Echelon, a multibillion-dollar resort that was being built in Las Vegas. Photo by ... more...


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