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Real Estate

Aug. 5, 2003

Receivers on Deck for Possible Rise in Foreclosures

BY JULIE NAKASHIMA CREJ Staff Writer The commercial real estate industry has enjoyed several years now with little need for loan workouts or foreclosures.

BY JULIE NAKASHIMA
CREJ Staff Writer

The commercial real estate industry has enjoyed several years now with little need for loan workouts or foreclosures.

But a longtime consultant and industry player warns that, because of the weak fundamentals dogging many markets, some property owners may be about to get their coupon books punched.

Dave Wald, president of Los Angeles-based Wald Realty Advisors, said he is gearing up for a sharp inc...

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