RCA in the commercial property press:

Distressed Commercial Properties Are Poised for Deals in O.C.

Orange County Business Journal reports: Orange County, California saw more than its share of distressed commercial real estate properties trade hands in 2009 compared to other large markets. But the area could see a more proportional amount of deal-making this year.

O.C. is ranked 35th overall among U.S. markets for the percentage of distressed commercial properties, according to a December report from New York-based Real Capital Analytics (RCA).

RCA's report lists Orange County as having at least 95 midsize to large troubled commercial assets -— including properties in foreclosure, bankruptcy, or in modified or restructured status —- which are valued at about $2.8 billion.

In comparison, Los Angeles has $7.1 billion of troubled assets, while the Inland Empire has $2.2 billion and San Diego has $1.7 billion of troubled assets, according to the Real Capital report.

O.C. ranks No. 4 among Western markets in terms of total dollar value of distressed assets.

Las Vegas is No. 1 in the West and in the U.S., with $17.7 billion of troubled assets.

Articles related to this topic:

 Silicon Valley Brokers Aid Banks In Unloading Properties
 Growth Of Distressed Commercial Properties Slows, Hits $17.6 Billion
 Distress Calls Begin to Go Out
 Philadelphia Story: Losing A Trophy Property

Posted by: Matthew Stone

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