New meltdown looms as Sacramento-area commercial vacancy rate rises
MICHAEL ALLEN JONES mjones@sacbee.com Elk Grove's Stonelake Landing opened in 2007 and soon went bust. "It was a very rational investment," says developer Don Nethercott, "but the economic events of the last 24 months have changed the rules." From an unfinished... read the full story
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American River Bank Of Sacramento [...] said Mitch Derenzo, chief financial officer at American River Bank of Sacramento . "It doesn't appear that the commercial side is [...] problems in commercial real estate are serious. American River just reported a second-quarter loss of $704,000, [...]
Deutsche Bank [...] worldwide are coming due in the next four years, Deutsche Bank says in a recent report. Because property values [...] of the potential problem is formidable," says Deutsche Bank . Commercial delinquencies are already at 4.1 [...]
Mortgage Bankers Association [...] mortgages are delinquent, according to the Mortgage Bankers Association . The California Mortgage Bankers [...] Bankers Association. The California Mortgage Bankers Association said only 0.26 percent of the state's commercial [...]
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