Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Would-be buyers of distressed office properties can see the troubled buildings just waiting to be marketed. They can see them on the balance sheets of banks and in the reports of rising defaults on CMBS loans. They can see them in the form of deals like the $31-million sale last year of an Orange County, CA asset called 3 MacArthur that sold for $83 million only two years before, and in the sale this year of another Orange County property, Griffin Towers, that went for $90 million compared with the $200 million that refinanced it two years ago.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.