Between deadbeat tenants, falling asset values and complicated balance sheets, avoiding bankruptcy court will be hard, lawyers said.
“Commercial real estate problems are looming very closely on the horizon,” said John Sparacino, a bankruptcy lawyer at McKool Smith. “I really don’t think I’d want to be a property owner right now -- and I sure wouldn’t want to be a lender.”
-With assistance from Charles Williams, Claire Boston and Christine Maurus.
This article was provided by Bloomberg News.