Federal banking regulators closed 23 banks, the highest monthly toll in nearly a year, as the troubled commercial real estate market continues its fallout.
In total, the April bank closings cost the Federal Deposit Insurance Corporation nearly $9 billion as banks loaded with commercial real estate and construction loans continued to falter at a record...
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Commercial real estate prices are expected to hit bottom in 2010 creating the biggest challenges the sector has seen in generations
That means for certain players there will also be huge opportunities.
It will be a year marked by the survival of the fittest – only the strongest developers and investors will be left standing. That...
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A mortgage crisis like the one that has devastated homeowners is enveloping the nation’s office and retail buildings, and few places are likely to be hit as hard as Washington DC.
The foreclosure wave is likely to swamp many smaller community banks across the country, and many well-known properties, including Washington’s Mayflower Hotel and the...
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