Yesterday the Atlanta Journal Constitution and Wall Street Journal both run articles relevant to more large commercial real estate foreclosures on the horizon…
In the AJC case, commercial real estate foreclosures of high profile properties are starting in earnest:
Prominent properties get foreclosure notices, portend trend
Notices of foreclosure have been placed on two more high-profile properties in Atlanta, a development observers said may be a harbinger for the industry in 2010.Read more >>>
For the WSJ, the vacancy trend will lead to more commercial foreclosures in the near future:
As Buildings Empty, Banks’ Credit Woes Pile Up
Commercial real-estate problems may be about to douse the recent rally enjoyed by regional banks.
As banks start releasing fourth-quarter earnings this week, the losses and reserves tied to commercial real-estate loans could spike even higher than some analysts think. Regional banks could get hit hardest, given typically greater exposure to commercial property than their bigger brethren. Read more >>>
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Tags: commercial, distressed, foreclosures, loans, market, real estate, reports, vacancies