Watching Wall Street
Bracing for real estate hit after job losses and Bear Stearns
With last month's death knell of the nation's fifth largest investment bank and over 20,000 job cuts expected in the industry, the city is nervously waiting to see how Wall Street's state of imbalance will impact the real estate industry. See what brokers had to say about the effects of layoffs on the housing market. Also, industry experts discuss how injured investment banks have rethought their major office development projects and how heavyweight building sales can continue with sources of those loans drying up.
Gauging the repercussions of Bear Stearns' meltdown
Big banks scrap tower plans
Investment banks limp away
Smaller lenders fill big shoes
A d v e r t i s e m e n t s
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