RCA in the commercial property press:

Worries growing about commercial real estate

MSNBC reports: Even as banks grapple with rising foreclosures, many lenders have something else to worry about: A rising tide of potential losses from commercial real estate loans that could reach into the billions.

While homeowners are defaulting at almost four times the rate of commercial landlords, the sudden spike in late payments has many industry insiders worried about the collateral threat to the economy and financial system. Nearly $73 billion worth of commercial real estate loans are in some level of financial distress, according to Real Capital Analytics.

Las Vegas accounted for the biggest slice of troubled commercial properties of any metro area.

"Twenty-four percent of the Las Vegas commercial market is in distress," said Jessica Ruderman, a senior market analyst with Real Capital Analytics.

Apartments account for most of Sin City's troubled properties. The only market that even comes close to is Detroit, with 20 percent of its commercial properties in distress.