Commercial real-estate crisis has begun:

By Daniel at 24 October, 2009, 3:15 pm

Link: http://www.marketwatch.com/story/capmark-financial-to-file-bankruptcy-wsj-2009-10-24

“SAN FRANCISCO (MarketWatch) — In another sign that the commercial real-estate market may be struggling as much as the residential side, Capmark Financial Group Inc., one of the nation’s largest commercial lenders, likely will file for bankruptcy this weekend, according to a media report Saturday.

Capmark, formerly GMAC LLC’s commercial real-estate arm, recently reported a second-quarter loss of $1.6 billion and signaled it may seek bankruptcy protection. The company will file this weekend, The Wall Street Journal reported in its online edition, citing an unnamed source. “