It’s been an eventful decade for commercial real estate. We went from one of the greatest bull runs to a market that spiraled out of control within a matter of years. The trigger? The Wall Street collapse of the late 2000s, which participants in GlobeSt’s online survey rated as the biggest real estate story of the past 10 years.

I guess you could say it all started with the housing boom. Low interest rates and relaxed financing allowed nearly everyone who wanted a home to have one, and for those who already had a home to refinance. The competition in the market and the over-zealousness of certain mortgage underwriters led to creative financing structures on very highly leveraged mortgages. And this wasn’t limited to the single-family housing sector; these types of deals were happening for commercial assets as well.

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