Last Updated: October 30, 2009 07:04pm ET
EXCLUSIVE

New Pacific Buys Site, Will Complete Condos

By Bob Howard

IRVINE, CA-Beverly Hills-based New Pacific Realty Corp. buys the former 156-unit KB Home condo site from a lender in an off-market deal and plans to complete the project.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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