There are tons of moving parts, different kinds of lenders, different kinds and qualities of properties and different markets. During the boom years there was a lot of compression in cap rates, values, financing terms and these differences didn’t rule the market. But the end of the boom and the recession have reintroduced those differences with a vengeance with a likely result that the recovery will be playing out at different speeds and degrees for different parts of the commercial real estate business. Read more