Where's the flood?


  • By
  • | 11:30 a.m. May 28, 2010
  • | 0 Free Articles Remaining!
  • Commercial Real Estate
  • Share

REVIEW SUMMARY
Industry. Commercial real estate
Trend. Growing number of distressed properties
Key. The first sale may be the best sale.
By The Numbers.
Click here for the total value of distressed properties along the Gulf Coast.
Click here for the amount, number and percentage of delinquent loans by property type at least 30 days late on properties that were funded through commercial mortgage-backed securities on the Gulf Coast.

About $3.1 billion worth of commercial real estate is in distress on the Gulf Coast, but you'd never guess it from the low number of property sales.

Blame lenders and the government.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

  • December 15, 2025
Lee Health CEO to step down

Sponsored Content