Dinner Meeting, Newport Beach, CA April 28,2009. Is the Commercial Real Estate Market About to Collapse?
Summary
Commercial REO Brokers Association - Dinner Meeting, Newport Beach, CA April 28,2009.Ray McLaine, CREOBA President, pointed out that, Last year 4.5 Billion Dollars in Commercial Real Estate was foreclosed by the banks.Ray McLaine, CREOBA President, pointed out that, “Last year 4.5 Billion Dollars in Commercial Real Estate was foreclosed by Banks.This year, that figure could reach $20 Billion with $200 Billion more to come in the next two years.” The Commercial REO Brokers Association is working with the Banks and Asset Management Companies to create standards of service and best practices between the Bank REO Departments and the Brokers that will be selling their foreclosed properties.Interested parties may register on the www.creoba.com website under the Events tab.Come and meet their Committee Chairmen for Retail, Office, Multi-Family and Industrial Real Estate and receive an industry update on the imminent Commercial Real Estate Foreclosure market.The Fairmont Hotel is located at: 4500 MacArthur Blvd., Newport Beach, CA.###