Jan 25th 2010 8:32AM
Commercial real estate may be in serious trouble this year, and many high-flying deals for trophy properties may be crashing to the ground, but investors are eager to scavenge the wreckage - and that's good news for the rest of us. More than half of the foreign investors polled by the Association of Foreign Investors in... Continue Reading »
Dec 9th 2009 4:00PM
What's ailing commercial real estate? Imagine if the fixed-rate loan on your house had just a seven or ten-year term and ended in a massive balloon payment. That's the story for most commercial properties. Look around: if there's an office tower or apartment complex, chances are it was financed with a loan that ends... Continue Reading »
Dec 7th 2009 11:50AM
Another "biggest deal in history" is falling apart.Back in 2007, when Tishman Speyer paid $1.7 billion for six office towers in Chicago's Loop, the local press proclaimed it the "biggest real estate deal in Chicago history." Now, a part of the $1.4 million package of loans on the properties is in default - and Tishman... Continue Reading »
