Commercial Real Estate Frontline

What’s a Reverse Run on the Bank?

Late last year, my friend Chris called me to ask whether he should withdraw all of his deposits from his local bank. Chris was afraid that his bank might fail and he'd lose his savings. "This isn't 1929," I said. "Your deposits are insured and the government's taking action to shore up our lending institutions to protect your deposits and to keep our banks solvent."

Massachusetts Banks’ Troubled Real Estate Balances Surge

The final quarter of 2008 saw a 27 % increase in troubled real estate assets for lenders headquartered in Massachusetts according to data compiled from the FDIC. Only lenders headquartered in Massachusetts with balances of REO or Non-accrual totaling $1Million or more were included in the survey. REO (also OREO or Other Real Estate Owned) balances [...]

More Commercial Foreclosures Brewing in Boston

The struggles at the Hancock Building have been well publicized by now and General Growth’s trouble leaves the control of Fanieul Hall in question, but what’s next? According to The Watchlist from CoStar today 90 Tremont Stret in Boston has hit the skids due to low vacancy and a loan mautrity of May 1st. Investors can count [...]