LOS ANGELES-The economic crisis in Europe has meant that less banks on the continent are in competition to buy commercial real estate assets, and some are looking to sell, said Diana Reid, executive vice president and head of commercial real estate business at PNC. She spoke here at the recent ULI fall conference with GlobeSt.com's Bob Howard.
They also touched on:
- Coming maturities on commercial real estate loans.
- The health of the CMBS market.
- The role of special servicers in today's market.
- How various geographic markets are recovering from the recession.
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