December 30, 2008
David Arena, president of Grubb & Ellis was on Fox News discussing a bailout for commercial real estate. According to Arena, their is refinancing risk on every piece of commercial real estate out there, and at least $150B of refinancing expected next year alone.
- Grubb Secures 11% Loan Secured by Accounts Receivable
- More Defections at Grubb & Ellis Indicate Trouble
- Shake-Up at Grubb & Ellis San Jose
- CRE Crisis To Eclipse Early 90’s
- The Trillion Dollar Storm