Along with the residential housing bust in Ireland, a commercial real estate (CRE) bust is definitely on the table. According to the newspaper the Irish Independent up to 10 billion euros of writedowns are possible for the Irish property developers and banks.

I am wary of regional banks for good reason. KeyCorp came out with a disastrous earnings report yesterday and was promptly whacked by the market. The regionals have way to much exposure to commercial real estate (CRE) and construction loans. And in the next leg down of this downturn, that is where [...]

The US regional banks are certainly the next set of financial institutions in the US that are going to get hit by the credit crisis. While these banks did not have significant exposure to the CDOs and RMBSs and other types of derivative instruments that have caused the majority of writedowns to date, they do have large exposure to the housing and construction industry.

The Telegraph notes today that Vulture Funds are circling the London Commercial Real Estate (CRE) market. Prices have fallen, but funds are waiting for the other shoe to drop before stepping in. I imagine this will mean credit losses for financial companies in both residential and commercial property markets before all is said [...]

The blogger Mish is on to the Commercial Real Estate (CRE) downturn. His latest blog entry,WSJ Report: Less Shopping = Fewer Malls, shows that both the WSJ and the FT are reporting a fall in CRE prices.
The Financial Times is reporting a Plunge in U.S. commercial property.
Commercial property prices in the U.S. in February [...]

The Commercial Real Estate (CRE) bust is coming to an office building near you. The latest story? The GM building in NY was flogged off with some other properties at the peak of the bubble for a cool $3.6 to $3.9 billion. Now, the properties have sold for $200 million below the [...]

A Bloomberg article today highlight’s the Commercial real estate sector (CRE) as the next leg down in the U.S. property bubble. The article states:
With 312,000 private-sector jobs lost in the last four months, foreclosure rates more than double what they were a year before, and the homeowner vacancy rate at a record high, it’s [...]

Deutsche Bank released earnings that showed a loss for the first time in five years as they wrote down $4.2 billion in equity as a result of the global credit crisis. While Deutsche Bank has gotten off well because of reduced exposure to sub-prime, I fully expect more writedowns as the credit crisis continues. [...]

The bubble built in residential housing is quickly moving to commercial real estate. It stands to reason that commercial real estate should suffer if residential real estate does. Yet, those same financiers who brought us the housing bubble went into commercial real estate (CRE) loans en masse when things started to slow in [...]