Scion of legendary real estate billionaire family explains the slow-motion car crash happening in commercial real estate finance. [youtube=http://www.youtube.com/watch?v=RVYK2_NBI9E] Harrison LeFrak’s summary: * There’s $3.5 Trillion of Commercial real estate debt * $1.7 Trillion on books of community, regional & Read More
Tag: foreclosure
Distressed commercial real estate totals $97.4B
National distressed commercial real estate totaled $97.4 billion in early June, including foreclosures, lender-owned properties, and foreclosures, according to a new report from Delta Associates. Distressed commercial real estate volume has doubled every three months since December 2008 with retail Read More