0 minute readWells Fargo and LNR Property Corp. are each seeking to sell about $1bn of distressed US commercial real estate loans and assets, according to people briefed on the offerings. Wells Fargo of San Francisco, the biggest US commercial real estate lender, is taking bids on $500m to $1bn of office and hotel mortgages and properties, said four people, who asked not to be identified because the sale is private.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio