That retail is overbuilt is obvious to anyone who has driven 20 miles in America. Less obvious is the why of over-building.
Landlords are reading the memo, but it may be too late.
Even the Fed put commercial real estate on its financial-stability worry list.
Chilling photos of for-lease signs lining the Great America Parkway.
There are 67,507 new apartment units in the pipeline.
And transactions in the apartment sector plunge.
The collapse of brick-and-mortar retail becomes a real-estate question.
Oh my, how things have changed since late last year.
Commercial and residential real estate bubbles choke the economy. The upper bounds of hype and craziness have been reached.