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Commercial Real Estate Still Kicking

By Jim Cramer

About this article:
Benign selloff, given all the chatter about the endless -- seems endless -- decline in the Baltic Freight Index, the sharp drop in oil and natural gas -- back to $3.50! -- and the huge amount of new supply. I expected more of a hammering. But you don't get a crushing blow, I think, because there are still people who want in. There's been a gigantic steamroller of negativity about commercial real estate -- I heard from readers all over the globe about how Fortress' buy of the Swig property that I wrote about this morning is a sign that commercial real estate is going bad, as nobody is a worse buyer than Fortress, which was only picking up this huge condo project because it was a "stuckholder." There's a sense that it can really kill the market, especially when the banks have run so much, oblivious...

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