Short Sale, Foreclosure and Strategic Default

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Thursday, July 29, 2010

Commercial Real Estate - blood is in the boardroom not the streets... yet

'Tremendous' Distress in Commercial Real Estate: CEO - CNBC
"It's happening down the road," Scott Rechler, CEO of RXR Realty told CNBC today.

When you look at the commercial real estate market right now, "there is a tremendous amount of distress that is not really visible yet," Rechler said.

Today "the blood is really in the boardroom behind closed doors where people are negotiating to solve problems," he said.


2 comments:

Anne said...

Time is not far where these negotiations for short sale will become public and cause all havoc on the streets.

Anonymous said...

Very Interesting!
Thank You!