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Yes, the Correction Will Affect CRE

WASHINGTON, DC—We entered correction territory on Friday with the Dow Jones industrial average off some 531 points. Commercial real estate will not emerge from this unscathed.

By Erika Morphy | Updated on August 21, 2015

WASHINGTON, DC—The Dow Jones industrial average, as we all know, closed on Friday some 531 points lower, entering into a correction for the first time since 2011. Likewise the Nasdaq Composition, which closed on Friday 3.5% lower.

The reason, again as most people are aware, is due largely to the uncertainty about China, egged on a bit further by oil prices that dropped, albeit briefly, to below $40 a barrel.

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