Analysis: Distressed CRE properties see valuation drop

Valuations for commercial properties that are at least 30 days delinquent on loan payments or have entered the foreclosure process have dropped significantly in the past year, according to an analysis by The Business Journals, which found a net total of $6.89 billion has been lost across 460 properties that are backed by CMBS debt. Hotels and retail properties have experienced the most reappraisals.