By Jay Heflin - 03/12/10 04:14 PM EST
Well-placed sources say the proposal could help reverse the current downturn that is plaguing the commercial real estate market.
Levin has not discussed whether the proposal would create a
political dilemma for lawmakers by allowing foreign investors easier access to
U.S. properties. In the past, the
purchase of high-profile buildings in New York by Japanese investors created a
huge stir that prompted Congress to create the hurdles that exist today.