“In June, Shaoul Mishal of Gamla-Cedron Group, based in Israel, paid $5.8 million for 149 units at the Arbors at Carrollwood, a fractured condo project. He bought the $47.5 million Corus loan made in 2005.
Many of the opportunities for investors in commercial real estate don’t involve the outright purchase of property, said Kobel of DeBartolo Development. “A lot traded will be in the distressed debt world first and then converted to real estate holdings,” Kobel said.”