General Electric’s commercial real estate business made 1.1 billion profit in first year of recession…may now remain profitless for five years as commercial real estate last industry to recover…GE’s properties estimated to lose $8 billion in value through 2012…

(Source: Business Week)

In 2008, the first full year of the recession, General Electric’s (GE) commercial real estate business made a $1.1 billion profit. Now, even with signs of the broader economy improving, analysts estimate it could be five years before the unit earns another cent.


Read the full article by David Henry “The Real Estate Drag on GE” in at Businessweek.com (Sept 23, 2009).

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