Commercial Real Estate Needy

Dan Tischman,whose businesses are involved in construction,hospitality and realty,says it's refreshing the government is getting concerned about commercial real estate.The roll-over is going to have to be refinanced,and the capacity just isn't there.The Term Asset-backed securities Loan Facility,or TALF,needs to be extended.The total outstanding is 3.4 trillion dollars,while in a good year there was only about 40 billion available for lending.
Overall,Mr.Tischman observed,it's still a good time to build because of lower costs.Real estate investment trusts are actually doing quite well.Most of the major REITs have done money-raising to meet their obligations.I suspect there was a bubble of values created by an over-eagerness of lending.We're certainly not gonna see the values come back in a year or two or three,Mr.Tischman feels.