GRAPEVINE, TX-With the debt downgrade and problems in Europe, the CMBS market has pretty much shut down, observes Steve Pumper, a Transwestern executive managing director. Now, there is a lot of uncertainty as to where debt will come from. He spoke here at the recent RealShare Distressed Assets conference with GlobeSt.com's John Salustri.
Also touched on were:
- What commercial real estate sectors are getting hit the hardest.
- The future of the CMBS market.
- Where commercial real estate is in the distress cycle.
- A possible double-dip recession.
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