debt service payments Archives

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 →