How to Avoid Mirages in a Desert of Distress
There is much talk about investment opportunities in light of the ongoing distress in commercial real estate. Many organizations are said to be amassing capital and building war chests to take advantage ...
Why Buying Loan Notes Isn’t the Same As Buying Real Estate
In response to the depressed state of the real estate and capital markets, large amounts of capital are now chasing opportunities to purchase defaulted commercial real estate loans at a discount. ...
Distressed Commercial Real Estate Soars to $180 Billion
The amount of distressed commercial real estate properties in the U.S. has reached a record $180 billion, according to a new report by New York-based research firm Real Capital Analytics....
ICSC’s New York National Conference and Deal Making Marked by Caution
The roughly 6,000 retail real estate pros that congregated at the Hilton New York Hotel for ICSC’s New York National Conference and Deal Making show walked away feeling better than they did this time last year, but there is still a sense that the industry faces a tough road to recovery....
Overwhelmed Special Servicers Ramp Up Distressed Sales
After months of waiting, opportunity investors are finally getting a break....
Fitch: Distressed CMBS Hotel Loan Maturities to Peak by 2012
Although hotel property values have dropped as much as 50% from their peak in 2007, ratings agency Fitch forecasts that over the next 12 to 18 months there will be an increase in distressed asset sales, leading up to the largest concentration of CMBS hotel maturities in 2011 and 2012....
Dubai Scrounges for Cash as New Deadline Looms
The sandstorm that gusted from Dubai after the emirate asked for a delay in repaying $60 billion in debt has settled down for now, and world stock market jitters have eased amid news of a restructuring plan for nearly half the debt. ...
Bank Default Rates on CRE Loans Projected to Hit 4% in Fourth Quarter
Deterioration in property cash flow, erosion of reserves to cover shortfalls in debt service and little credit to refinance maturing mortgages all contributed to a higher default rate on commercial real estate mortgages held by depository institutions in the third quarter. That’s according to New York-based Real Estate Econometrics, which analyzed data recently published by the Federal Deposit Insurance Corp. (FDIC)....
Commercial Real Estate: The Danger of Fighting the Last War
As embattled industries seek ways to regain their equilibrium in today’s struggling economy, more than a few investors in the commercial real estate sector have turned their attention to the recession of the early 1990s, thinking that today’s market is a repeat of what happened nearly two decades ago. ...
PwC Survey: Defaults Could Jump-Start Stalled Distressed Buying Opportunities
Despite rapid deterioration of commercial real estate fundamentals, equity investors have been frustrated with the lack of distressed buying opportunities. ...
