Perspective
Dec. 15, 2009
Receivers, Their Role in Troubled Real Estate
Chris Hunter of Morgan Miller Blair and L. Gerald Hunt of Quattro Realty Group explain how use of receivers can be beneficial for complex developments.
By Chris Hunter and L. Gerald Hunt
Some $800 billion in commercial real estate assets are headed toward default in the next 24 months, according to Foresight Analytics, and Northern California is already seeing hints of the wave: three office buildings of 814,000 square feet backed by $152 million loans in the Watergate complex in Emeryville; the 250 Montgomery office tower in San Francisco, which defaulted on a $40 million loan and is being acquired for $19 millio...For only $95 a month (the price of 2 article purchases)
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