Retail Receivership Opportunities Slow to Materialize

Published Tuesday, March 09, 2010

As commercial real estate distress continues to mount, dozens of retail real estate firms, including brokers, third-party managers and developers, are jockeying to get a piece of the business. But the assignments so far have been coming in dribs and drabs, not quite the tsunami of opportunities many of these firms had been expecting. A combination of government recommendations to lenders to amend troubled loans whenever possible and banks’ inability or unwillingness to absorb potential losses, has led to inaction on assets with underwater loans. That’s starting to thaw a bit, however, says Greg Maloney, CEO and president ...

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