D-FW commercial foreclosures up 12% - Charlotte Business Journal:

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In the first seven monthss of the year, Foreclosure Listinvg Service found 1,245 foreclosure notices filed on commercial That is upfrom 1,116 filings recorde d during the same seven-month period last year. In the offic building segment, Foreclosure Listing Service said the numberf of foreclosure notices filed on thos properties increased 109 percent inthe Dallas-Forgt Worth area when comparing the first seven months of this year to 2008. “S o far this year, 138 postings have been filed on D-FW office buildings compared to only 66 by this time last said GeorgeRoddy Sr.
, presidenty of Retail centers and buildings had the second highest number of foreclosure postings, with the filings jumping 108 percent in the firstt seven months of the In all, there were 166 foreclosure notices filed against retail centerzs during the first sevej months of the up from 80 listings during the same period last year. Despite an uptick in commercialforeclosure filings, Roddy said the numbersa pale in comparison when comparinb filings in the commercial sector to those in the residential sector. “Year-to-date foreclosurre postings of commercial real estate climbed at a much more moderated pace thanresidential postings,” said Roddy.
“Foreclosure notices filedf on commercial real estate located in the Metroplesx climbed just 12 percent so far this year comparee to the 20 percent gain on the residentiap side ofthe market.”