A closely watched portfolio of loans has come one step closer to hitting the sales block as Eastdil Secured landed the coveted assignment to list for sale Anglo Irish Bank Corp.’s $10.5 billion portfolio of commercial-real-estate loans in the U.S.
Costar… The commercial real estate market is continuing to adjust from “bubble” prices as 70.2% of the acquisitions made from 2005-2007 and subsequently sold in the first quarter of 2011 sold at a lower price, according to the latest release of CoStar’s Commercial Repeat Sales Indices (CCRSI). Comparatively, 40.5% of acquisitions made before 2005 and subsequently sold in the first quarter of 2011 sold at a lower price. 55% of the first quarter 2011 sales… Continued here: Properties Previously Bought at Peak Exerting Downward Pressure on Current Prices Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net