RCA in the commercial property press:

Law Firm Latest to Hang Shingle for Distressed Property Assets

The New York Observer reports: Yet another outfit is positioning itself to take advantage of what is expected to be a deluge of distressed property assets in 2009. K&L Gates, the corporate law firm recently named by the National Law Journal the nation’s 10th largest, with more than 1,700 attorneys worldwide, including 100 in New York, is forming a group that will, in what is becoming all too familiar language, focus on “the restructuring of distressed real estate loans and the positioning of foreclosed assets for successful sale.” “I think everyone is forming a distressed-asset group at this point,” said Dan Fasulo of Real Capital Analytics. “It’s going to be where the business is next year. There are almost as many distressed assets this year as closed properties. It’s kind of scary when you think about it.”