Wednesday, March 27, 2013

Distressed CRE: It’s a Seller’s Market

National Commercial Real Estate News From CoStar Group

Distressed CRE: It’s a Seller’s Market

It’s a sellers’ market for distressed commercial real estate and Taylor Burke, senior executive vice president and chief lending officer for the $2.62 billion Burke & Herbert Bank in Alexandria, VA, wants to move his inventory.

“I think this is a great time to buy distressed property, especially that which we are selling,” joked the Alexandria-based banker.

More seriously, though he says, the market is good for bad property right now.


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