Jonathan Miller over at Trend Czar has an interesting post on the near term pain in commercial real estate. He also suggest niche markets that commercial real estate brokers and other commercial real estate professionals should focus on in 2009.
For brokers and other intermediaries, business won’t suddenly ramp up for quite a while unless they specialize in helping broken borrowers find refinancing or fire sale foreclosed properties for lenders.
Near-term lawyers can do well on the workout front and representing various tranches, special servicers, borrowers and lenders who are tangled up in all the CMBS and CDO litigation on the horizon. But before that happens banks and institutions have to begin writing down their portfolios. That will captivate all of us before 2009 is over.
Trend Czar: Debt Burdens–Stream of Consciousness.
Tags: Commercial Real Estate, commercial real estate brokers, jonathan miller, lenders, Real Estate Professionals
