It is not often that we see high quality commercial real estate assets being offered all in one place for 20 or 30 cents on the dollar, but that is exactly what’s happening at an upcoming online auction starting October 23-25 at www.svnauctionevent.com. The event includes assets that must be sold and closed by year end thus the strong motivation of many sellers including banks.
Posts tagged: Distressed Assets
Commercial Real Estate Execs See Improving Revenue, Headcount, While Distressed Assets Remain Key Issue on Road to Recovery: KPMG SurveyBy
Recent survey shows a bright future for commercial real estate. However, distressed assets are going to play a major part in the recovery. So don’t overlook this fact because the major players are not…
PRNewswire via COMTEX
Commercial real estate executives expect to see improvements in revenue and headcount next year, but the majority predict a full economic recovery is years away, according to a recent survey by KPMG LLP, the audit, tax, and advisory firm. These executives also believe distressed real estate will remain a key industry issue.
Here’s a good warning to those who own or are thinking of purchasing distressed assets. There are certain things you have to think about that you may not have to consider with a new property.
By Amanda Fung | Crain’s New York Business.com
Three Brooklyn landlords of distressed properties were arrested Tuesday for failing to comply with court orders directing them to correct hazardous housing violations on their properties and failing to appear in court, the city Department of Housing Preservation and Development announced Wednesday.
By Elaine Moore | Financial Times
Published: June 3 2011 12:01
It’s always interesting to see how other markets are doing across the globe. As you will read in this article, distressed asset sales are increasing all across the globe.
The number of distressed properties coming onto the market in the UK is still growing, as the aftermath of the global financial crisis continues to impact the housing market.