May 14, 2009 - Philip Blumberg on CNBC’s Squawk Box 5/14

“The real story isn’t the performance in the market, it’s the debt. Think about this: in the next three years, 2010, which is when it really starts, to 2013, we’ve got about $300 million CMBS, of which $70-100 billion is not re-financeable.”

December 23, 2008 - Blumberg Capital Partners Forecast Shows Any Commercial Real Estate Bailout Needs “Painful Deleveraging” to Succeed

Key fund manager predicts debt time bombs to worsen with leasing rates poised to fall an additional 20% next year to lowest levels since 2002.