The housing boom resulted in the creation of thousands of new for-sale homes and condominium projects. The subsequent crash left many of these properties unsold or partially completed. In many cases, homebuilders and multifamily developers involved in these projects have either cut their losses and walked,...
'This is a marathon, not a sprint. Just keep your eye focused on the longer-term picture and don't let the current dislocation and difficulties cloud your thinking.'
Traditional lenders tightened their underwriting criteria almost immediately after the credit collapse, and construction loans were among the hardest hit. Now, the government has decided that may not be a bad idea. HUD recently unveiled its proposed changes to FHA's underwriting of multifamily mortgages....
The Stuyvesant Town/Peter Cooper Village deal was the biggest property sale ever—and one of the biggest potential failures as well. But if the billions in troubled deals in the pipeline is any indication, it may also be the tip of the iceberg.
It's 2006. A well-located, quality property is on the market and attracts a plethora of qualified bidders. It ultimately trades for a very high price,…
Since early last year, commercial real estate investors have been eagerly awaiting the deluge of distressed properties to hit the market. They're still waiting. And chances are, they will be for some time, since property holders are still wary of selling assets into a bad market. So what's an investor...
CHICAGO--Global international accounting and consulting firm Deloitte has shuffled up its executive ranks in a major way, appointing Robert T. O'Brien as the new head of its US real estate practice and vice chairman.
CHICAGO--Global international accounting and consulting firm Deloitte has shuffled up its executive ranks in a major way, appointing Robert T. O'Brien as the new head of its US real estate practice and vice chairman.