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Signs but no surge of distress


Since the recession hit the commercial real estate sector two years ago, devaluing properties and leaving landlords with dark office space vacated by closed or downsized companies, industry experts have predicted a nationwide surge of deals for distressed properties.

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As managing editor of the Business Journals, John Golden directs news coverage of Westchester and Fairfield counties and the Hudson Valley region. He was an award-winning upstate columnist and feature writer before joining the Business Journal in 2007. He is the author of “Northern Drift: Sketches on the New York Frontier,” a collection of his regional journalism.