Banks Snubbing Commercial Real Estate for ‘More Important' Industries

Slap-in-the-face reality check: Bankers don’t think the commercial real estate industry is as important as industry members do.

That's one of the reasons why Jones Lang LaSalle, in its Feb. 23 market "pulse" report, noted that, “While credit conditions are showing some improvements, commercial real estate lending largely is not.”

“There are a lot of priorities banks have ahead of commercial real estate mortgages,” said Jere Lucey, managing director of the Real Estate...

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