By Carrie Bay | 04/29/2011
The research firm Delta Associates says distress in the commercial sector is maintaining its plateau. The company's analysts report that despite a $5 billion increase in the volume of commercial properties in foreclosure and lender REO over the last two months, the level of distress has remained in the $175 billion to $190 billion range since the spring of last year. They warn that the months ahead, though, could test the staying power of the stabilization seen thus far.
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By Heather Hill Cernoch | 02/14/2011
Transwestern, one of the largest privately held commercial real estate and development firms in the country, honored its chosen "Trendsetters of the Year" at the company's annual TrendLines event in Washington, D.C., February 10. First Potomac Realty Trust's chairman and CEO, Douglas J. Donatelli, received the 2011 Private Sector Trendsetter of the Year, and NoMa Business Improvement District's president, Elizabeth Price, received the 2011 Public Sector Trendsetter of the Year.
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By Carrie Bay | 09/09/2010
The total value of distressed commercial real estate (CRE) in the United States right now is $186.9 billion, including properties in default, foreclosure, and lender REO, according to data from the research firm Real Capital Analytics.
The Transwestern company Delta Associates says this tally represents an increase of 12 percent, or $20.1 billion, since June and means CRE distress has risen back to the level it was in March of this year. But the company says a plateau in the $165-$200 billion range will be the norm for a while.
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