The Real Deal Miami

Commercial owners throw in the towel

August 26, 2010 12:45PM

Like homeowners who engage in so-called “strategic defaults,” more commercial property owners are giving up on prime assets across the country. In this Wall Street Journal video, reporter Angela Pruitt explains that more commercial owners are finding their properties are underwater — and the trend could gain steam as more loans near their maturity, as the Journal previously reported. “The loans that were made aggressively three years ago are actually coming due in the next couple of years,” Pruitt said.