Research Catalog
Commercial real estate restructuring revolution : strategies, tranche warfare, and prospects for recovery
- Title
- Commercial real estate restructuring revolution : strategies, tranche warfare, and prospects for recovery / Stephen B. Meister.
- Author
- Meister, Stephen B.
- Publication
- Hoboken, N.J. : Wiley, c2011.
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
Available - Can be used on site. Please visit New York Public Library - Schwarzman Building to submit a request in person. | Text | Use in library | JBE 12-558 | Schwarzman Building - General Research Room 315 |
Details
- Description
- xxix, 237 p. : ill.; 24 cm.
- Summary
- "How to plan for the commercial real estate collapse Encompassing apartment, office, retail, hospitality, warehouse, manufacturing, and flex or R & D buildings, commercial real estate (CRE) investment in the U.S. totaled $6.4 trillion at the end of 2008. As noted in the February 2010 Congressional Oversight Panel Report, $1.4 trillion of CRE debt is coming due by 2014 and half of the CRE projects securing such debt are underwater. Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery looks at how we got into this mess-impacts of the housing crisis, debt structures, lender-borrower collusion, and bankruptcy abuses-and offers possible solutions to the CRE crisis. Along the way, author Stephen Meister: Discusses how CRE value losses are being driven by investors' risk adjusted cap rates, not just poorer market fundamentals. Discusses strategies and emerging trends in CRE foreclosures, including forced lender fundings, lender attempts to chill bids and UCC foreclosure tactics and pitfalls. Proposes legislative solutions and explains how any rebound will require federal spending cuts, a vast deleveraging and a market clearing process. With a crashing CRE debt market and the hundreds of CRE-heavy regional banks destined for failure, getting out ahead of the curve is essential. Commercial Real Estate Restructuring Revolution addresses how we got here and how you can plan for the impending crash"--Provided by publisher.
- Series Statement
- Wiley finance series
- Uniform Title
- Wiley finance series.
- Subject
- Commercial real estate > United States
- Note
- Includes index.
- Contents
- The Housing Bubble -- The Bubble Implodes -- Capital Markets Supporting U.S. Commercial Real Estate -- CRE Values and Loan Defaults -- Putting Off the Day of Reckoning -- Tranche Warfare -- Loans to Own and Chilling the Bid -- Funding Cessations and Extension Fights -- Bankruptcy Considerations -- Multifamily Market -- Governmental Actions Caused the Affordable Housing Crisis -- Governmental Reactions to the Housing Crisis -- Assessing Blame for the Financial Crisis -- The Centerpiece for Real Reform -- Other Areas Requiring Reform.
- Call Number
- JBE 12-558
- ISBN
- 9780470626832
- 0470626836
- LCCN
- 2010032274
- OCLC
- YBP 2010032274
- Author
- Meister, Stephen B.
- Title
- Commercial real estate restructuring revolution : strategies, tranche warfare, and prospects for recovery / Stephen B. Meister.
- Imprint
- Hoboken, N.J. : Wiley, c2011.
- Series
- Wiley finance seriesWiley finance series.
- Research Call Number
- JBE 12-558