With ominous terms like "tranche warfare" and "debt stack" being tossed around, and fears mounting over the health of U.S. commercial mortgage lenders and China's growing real estate bubble, real estate lawyers can be forgiven for feeling as if they're under siege. To discuss the commercial real estate crisis, The Am Law Daily caught up with Dewey & LeBoeuf real estate chair Stuart Saft, who describes the cyclical nature of the industry and how the role of real estate lawyers needs to evolve in this market.
January 22, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
To say that there is an air of pessimism in the commercial real estate market would be something of an understatement.
With ominous terms like “tranche warfare” and “debt stack” being tossed around, and fears mounting over the health of U.S. commercial mortgage lenders and China’s growing real estate bubble, real estate lawyers can be forgiven for feeling as if they’re under siege.
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