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CENTURY CITY, CA-“There will be no avalanche of deals. If it was going to happen, it would have already happened,” said experts at IMN’s Second Bank & Special Asset Executive Forum on Distressed Assets. The event, which attracted approximately 370 attendees, brought together experts reflecting a wide range of perspectives, all pretty much agreeing on one thing: “We will be better off when it is all over,” or as one panelist put it, “We will be better off in the long run once we get through the current environment today.”

IMN held the first bank and special executive conference back in New York City in April, and it was attended by over 450 real estate investors and service providers including over 60 bank workout, special servicing, REO and special asset workout professionals. The second conference of its kind, held this past Monday and Tuesday, also drew a wide range of participants, with panel participants from all types of firms. The opening panel, titled: The Economy and Its Impact on Real Estate Workouts & Banks, for example, included session chair, John Cuticelli, CEO of Sheldon Good & Co., and panelists: Richard Hollowell, managing director & real estate practice lead at BBK; Douglas Wilson, chairman and CEO of Douglas Wilson Cos.; Yelena Takhtamanova, economist at the Federal Reserve Bank of San Francisco; Robert Sheridan, principal and CEO of Robert Sheridan & Partners LLC; and Robert Kline, principal and CEO of R.W. Kline Cos.

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