The Cost of Dubai is Worldly
by Mike King on Dec.09, 2009, under Uncategorized
““The recent events in Dubai mean that the cost of capital in commercial real estate just went up, not just the cost of commercial restructuring,” states James Frischling, CEO NewOak Capital on Dubai developments. “This shows a kink in the armor for many holders of commercial real estate who have adopted the “extend” strategy as a way of managing through the crisis.”
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