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City Bankruptcies Don’t Mean The Sky Is Falling

SAN BERNARDINO, CA-While CRE executives aren’t panicking about the recent spate of California city bankruptcies, some say it’s a wakeup call for governments to get their fiscal houses in order.

By Carrie Rossenfeld | Updated on August 17, 2012

(Save the dates: RealShare Medical Office Buildings comes to the Four Seasons in Scottsdale, AZ, November 7 -8, and RealShare Industrial 2012 comes to The Banker’s Club, Miami, December 5 – 6.)

SAN BERNARDINO, CA-The recent declarations of bankruptcy in California cities including Mammoth Lakes, Stockton and San Bernardino and signs of shakiness from other cities in the state beg the question: What impact will all of these bankruptcies have on commercial real estate? GlobeSt.com spoke to those directly involved with the bankruptcies and industry experts to get an idea of how these developments will affect the market as we move forward.

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