Quote:
Originally Posted by Fuzz
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Commercial condo conversion is pretty prevalent in depressed cities, especially commercial buildings that would seek a premium on the condo market (exposed brick etc.)
The problem is, commercial rates are much more profitable for a landlord not to hold out hope for a return to $100.00 oil.
I don't think we will see a AAA or AA tower in downtown getting converted anytime soon - especially for the olympics. I cannot imagine the cost to purchase it either.