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South Florida banks facing a new wave in real-estate crisis

South Florida banks facing a new wave in real-estate crisis

Just as the housing market is showing signs of life, here comes another real-estate crisis.<p/> Squeezed by plunging rents, empty storefronts, the credit crunch and a dearth of buyers, a growing number of commercial property owners are defaulting on their loans, which could unleash a new wave of bank failures and slow the region's economic recovery.