Paradigm Tax Group Industry News

Paradigm Tax Group Industry News

Stay informed with the most current Industry News that affects your business and impacts property taxes across the nation.

    In Commercial Real Estate, Signs of Moderating Pain

    9 Nov, 2010

    New data points, such as the delinquency rate for securitized commercial real estate loans falling in October for the first time in more than a year, are painting a picture of slowly moderating pain in commercial real estate. According to The Wall Street Journal, the drop came as distressed loans were being liquidated at a more rapid pace with the biggest reason for the decline being the exit from bankruptcy of hotel chain Extended Stay America Inc.

    The 0.47% drop of the delinquency rate in October could mean that "special servicers" charged with working out bad loans on offices, retail stores and other kinds of commercial property are getting a hold of how to deal with the fallout from the real estate bust. With it looking as if rents and vacancy rates in commercial real estate are close to stabilizing, holders of foreclosed property could be encouraged to sell now rather than wait.

    To read the full article from The Wall Street Journal, click here.

    Topics: Office, Foreclosures, Real Property, Bankruptcies, Hospitality, Retail, Financial Services