The past several quarters have been quite a ride for commercialreal estate. Quarter to quarter, the markets have dodged andweaved. One quarter there are deals to be had, only to be followedby evidence that the market has further eroded.
Credit returns in the following quarter, and then comes newsfrom Real Capital Analytics that the total value of US distressedcommercial real estate is now $186.9 billion, includ-
ing properties in default, foreclosure and lender REO. Thisrepresents a rise of roughly $20 billion from the previous quarter.So where are we now, and where are we headed?
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