Commercial real estate is one trend that isn't getting 'less bad'. It's just getting worse.
According to a recent August commercial real estate white paper, First American Corelogic shows how distressed commercial properties, excluding Boston, in May were 580% higher (6.8 times) the amount distressed in January 2006. Despite the carnage, it sounds like a great opportunity for the private equity players. Surely there must be some good deals amongst the distressed commercial real estate wreckage.
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See Also:
- Commercial Real Estate Slide Kills City Budgets
- The Court System Deals The Commercial Real Estate Death Blow
- Sam Zell Slams Wilbur Ross, Calls Him A Commercial Real Estate Wannabe
Full story at http://feedproxy.google.com/~r/businessinsider/~3/NZZCcf-UKs0/distressed-commercial-real-estate-600-higher-than-2006-2009-11
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