In a two-part in-depth interview with Valuation Review, Joseph Cioffi explains how valuation is the linchpin in the commercial real estate sector, but also the gateway to legal disputes. Part 2 includes a discussion of regulatory and legal risks and opportunities related to current trends and office conversions.
If you want to know the future of commercial real estate, look at how valuations are affecting the market and how the market is impacting valuations. In a two-part and in-depth interview with Valuation Review titled "Attorney Highlights Litigation Risks in Commercial Real Estate Valuation," Joseph Cioffi explains how valuation, the linchpin in the sector, is also the gateway to legal disputes....
Commercial real estate appraisers are currently playing a crucial role in one of the biggest real estate stories: the fate of the office market and urban centers. Their valuation decisions can significantly influence property sales, how and when transaction volume restarts, and even who controls key assets. Joseph Cioffi, was quoted multiple times in this article for BisNow, “‘You Can Imagine the...
If the days of “extend and pretend” actually come to an end for commercial real estate loans this year, there will be a greater focus on investors’ rights to information regarding troubled properties.
Adverse market conditions and lower valuations are creating litigation risks for commercial real estate (CRE) deal parties, particularly in the office sector. At the same time, opportunities exist for refinancing and a rebound in value where regulations can be eased or adapted to help CRE survive and thrive through the post-pandemic storm.
Rising interest rates and post-pandemic trends have put pressure on valuations in the commercial real estate market in the United States, potentially triggering defaults and a rise in litigation over control rights in CMBS. Joseph Cioffi was quoted throughout the Structured Credit Investor article, “Litigation Looms: Invest or Disputes To Rise as CMBS Valuations Decline,” weighing in on how...
An inescapable result of high interest rates and post-pandemic trends is downward pressure on commercial real estate valuations, especially in the office sector. Given commercial mortgage-backed securities and other deal structures in which control of the loan rests with the lowest priority interest that is in the money, reduced valuations will likely become the flashpoint for CRE litigation.
