Weissburg: “I think the lack of certainty means that any time you're doing something out of the ordinary, it really causes a damper in transactional speed and correlation on cost.”
IRVINE, CA—It's not the concerns that led to regulatory reforms themselves, but the way the reforms are being implemented that's putting a damper on commercial real estate deals, Cox, Castle & Nicholson partner Adam Weissburg tells GlobeSt.com. He says the impact of Dodd-Frank and Basel III on the financial interests of developers cannot be overstated, and he argues that perhaps regulatory reforms have gone too far and are conflicting with the interest in making sufficient credit available to generate economic activity.
We spoke exclusively with Weissburg, a 30-year veteran in representing borrowers and lenders in all facets of real estate finance, about why he believes regulatory reforms may have gone too far and how he believes they should be handled.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
