Author Archives: Gerard L. Vick

About Gerard L. Vick

Gerard L. Vick is professor of real estate practice at the W.P. Carey School of Business at Arizona State University, wpcarey.asu.edu.

Arizona’s Local And Regional Banks Are Facing More Distressed RE Loans

retail space avaialble sign in a window of a building

The recent New West Era of Arizona’s fast-growth economy from 2004 through 2007 is now expansion-cycle history. Having faced the Great Recession and what Alan Greenspan called a “once-in-a-century credit tsunami,” we now plan to resume positive economic growth in 2010. Since late 2008, Arizona has lost more than 200,000 jobs. Commercial real estate (CRE)… Read More →