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Commercial real estate pain good for some

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Published July 9, 2009 at 2:26 PM

LosAngeles125x100.jpgPrivate equity funds that are targeting investing in distressed commercial properties in the U.S. have their fair share of financially troubled buildings from which to choose.

Nationally, research firm Real Capital Analytics found 5,315 troubled commercial properties valued at more than $108 billion. One of the trouble spots is the U.S.' second-most populous city, Los Angeles, which has 263 commercial properties valued at $4.5 billion that are in default, foreclosure or bankruptcy.

But the worst may not be over, because commercial real estate numbers traditionally lag behind residential. "We might be in the early stages of decline," Don Walker, senior vice president of Irvine, Calif.-based John Burns Real Estate Consulting, told the Los Angeles Times. "I don't expect a turnaround until consumers regain confidence and the jobless numbers stop mounting." - Gerald Magpily

See Dealscape: Vornado PE fund seeks $1B
See LA Times article

 

 



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From: real estate,

I'm very interested in any posts with you, I respect and often try to visit you. Thank you.

Posted on: July 10, 2009 9:44 AM


From: Stagingworks,

People still have a choice to make regardless today's economic turmoil. Home-sellers can simply get Home Staging Service for increasing the value of their property prior to selling. This is likely a clear fact.

Posted on: July 14, 2009 8:31 AM


From: Edgar Perez,

For The Deal readers interested, GoldenNetworking.com is hosting Distressed Investing Leaders Forum 2009 on July 29th at the World Financial Center, featuring Stephen Norris, co-founder of The Carlyle Group and currently Chairman of Gulf Cap Partners, as Keynote Speaker, on Restructuring A Distressed Company: What Does It Really Take?, and practitioners from prestigious companies such as Cedarview Capital Management LP, Jefferies & Company, Simon Development Group, Fortis Investments, Amherst Partners LLC and T5 Equity Partners, among others. More information: http://www.distressedinvestingleadersforum.com.

Posted on: July 16, 2009 2:43 AM


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