Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
NEW YORK CITY-For the second month in a row since the New York Fed's program was expanded to commercial mortgages, no one sought a loan to buy new CMBS.
NEW YORK CITY-The commercial sector is "at the front end of the storm" in defaults, which will lead to distressed opportunities later, said Prudential's David Durning.
NEW YORK CITY-The commercial sector is "at the front end of the storm" in defaults, which will lead to distressed opportunities later, said Prudential's David Durning.