Vornado Realty Trust, Other Developers Seek Bailout

December 22, 2008
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Paralyzed by the credit crisis, the commercial real estate industry is the latest to seek a government bailout of sorts. In November, a dozen real estate development groups banded together to ask Uncle Sam for help avoiding looming defaults, foreclosures and bankruptcies.

Paralyzed by the credit crisis, the commercial real estate industry is the latest to seek a government bailout of sorts.

In November, a dozen real estate development groups banded together to ask Uncle Sam for help avoiding looming defaults, foreclosures and bankruptcies.

Read the full article»

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