National Commercial Real Estate News From CoStar Group
While Most CRE Benefits from Recovery, One Set of Distressed Office Loans Remains 20,000 Leagues Under the Sea
While property values and rents for most commercial real estate assets have been buoyed by the gentle tide of the slowly recovering economy, one group of properties -- those owned by office building borrowers who financed at the peak of market in 2007 -- remain deep underwater.
Investors had hoped that this vintage of loans would resurface post-recession to benefit from higher property values just as loan maturity and balloon repayment dates approached...
OfficeMax-Office Depot Merger: The Evolution of a Brick & Mortar Business
The proposed merger of Office Max and Office Depot with combined revenue of $18 billion is being hailed as a merger of equals, but in many ways it is also could be viewed as a move to save two brands that are facing unprecedented competition.
The all-stock deal is the latest example of retail M&A necessitated by the emerging impact of ecommerce.
From a commercial real estate perspective, the merger will likely result in a quickened pace in M...