{"id":11622,"date":"2009-03-09T20:51:53","date_gmt":"2009-03-09T20:51:53","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/commercial_real_estate_is_next_shoe\/"},"modified":"2009-03-09T20:51:53","modified_gmt":"2009-03-09T20:51:53","slug":"commercial_real_estate_is_next_shoe","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11622","title":{"rendered":"Commercial real estate is next shoe"},"content":{"rendered":"<p>Commercial real estate in Atlanta has been on a downhill slide for more than a year. But the slide will become an avalanche in the next six months, says Jay Mannelly of Bullock Mannelly Partners, one of Atlanta\u2019s oldest commercial real estate investment brokers.<\/p>\n<p>He\u2019s referring to the time frame when the renewals on construction loans and the debt on existing buildings will be coming due.<\/p>\n<p>Sales aren\u2019t happening, except in desperation.<\/p>\n<p>Refinancing debt on existing buildings will be difficult since fewer occupants equal less rental income.<\/p>\n<p>Call it a bloodbath, avalanche, tsunami or the other shoe. Regardless, it will not help the mess known as our banks\u2019 balance sheets.<\/p>\n<p><a href=\"http:\/\/www.ajc.com\/services\/content\/printedition\/2009\/03\/08\/oliver0308.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial real estate in Atlanta has been on a downhill slide for more than a year. But the slide will become an avalanche in the next six months, says Jay Mannelly of Bullock Mannelly Partners, one of Atlanta\u2019s oldest commercial<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11622\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149],"tags":[],"class_list":["post-11622","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11622"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11622\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}