WSJ article on impending CRE bubble

[Account Closed]

Not really treading any new ground here, but interesting read in the WSJ this morning.  

http://www.wsj.com/articles/surge-in-commercial-re...

We've got a number of clients active in South Florida (Miami) and they (and financing sources there) are very concerned about an impending bubble.  Low interest rates + influx of investment capital from foreign sources have really compressed cap rates.  In the past week, I've had 5-6 commercial banks in South Florida tell me they are out of commercial construction financing entirely right now.