{"id":1004211435,"date":"2009-04-21T00:00:00","date_gmt":"2009-04-21T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/new-york-city-tri-state-area-distressed-buyers-seem-distressed\/1004211435.html"},"modified":"2022-12-05T10:52:26","modified_gmt":"2022-12-05T18:52:26","slug":"new-york-city-tri-state-area-distressed-buyers-seem-distressed","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-distressed-buyers-seem-distressed\/","title":{"rendered":"New York City Tri-State Area: Distressed Buyers Seem Distressed"},"content":{"rendered":"

\u00a0<\/p>\n

\"\"<\/a>Properties aren\u2019t the only thing falling into distress these days. Private buyers, whose higher yield requirements left them on the sidelines during the 2004-08 run-up, see opportunity in distressed assets and are eager to purchase. Unlike the early 1990\u2019s, however, when banks and the FDIC sold many single assets as well as bulk real estate portfolios, the abundance of distressed product has yet to surface. The current lack of \u201ctroubled\u201d properties originally expected by potential buyers, is a function of several factors: significant foreclosures in many parts of the country have yet to occur, banks are more patient and hopeful that asset pricing will return to a higher level, and the commercial real estate world is waiting to see what effect TARP, TALF and any future government programs have on the market.\u00a0 <\/span>While note purchases are an alternative for various \u201cdebt funds\u201d and buyers with deeper pockets, the high-yield small-to mid-size private buyer continues to wait their turn. Based on our read of the tea leaves, the wait will be a bit longer.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Properties aren\u2019t the only thing falling into distress these days. Private buyers, whose higher yield requirements left them on the sidelines during the 2004-08 run-up, see opportunity in distressed assets and are eager to purchase. Unlike the early 1990\u2019s, however, when banks and the FDIC sold many single assets as well as bulk real…<\/p>\n","protected":false},"author":445,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211435","post","type-post","status-publish","format-standard","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\nNew York City Tri-State Area: Distressed Buyers Seem Distressed - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-distressed-buyers-seem-distressed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York City Tri-State Area: Distressed Buyers Seem Distressed\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Properties aren\u2019t the only thing falling into distress these days. Private buyers, whose higher yield requirements left them on the sidelines during the 2004-08 run-up, see opportunity in distressed assets and are eager to purchase. 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