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Where is the distress, deals, and disputes in commercial real estate?
If the economy slows and consumers stop spending, underlying CRE demand will decline, and a great many legal disputes will follow.
David Wald
President, Wald Realty Advisors, Inc.
Anne Redcross Beehler
Partner, Holland & Knight LLP
Shutterstock
We keep hearing that a great deal of distressed commercial real estate is coming. And yes, there’s been a heightened level of distress, particularly with larger office buildings – but nowhere near the levels that we saw in 1990 and 2008. So, where’s the distress and the legal disputes that inevitably accompany loan defaults?
This time could be different. Certainly, the distress observed over the past year is dissimilar to the last two down...