The total value of distressed commercial real estate reached $97.8 billion in June, doubling every three months since December 2008, according to a new report from Delta Associates.

Foreclosures of commercial mortgages reached a 3.2 percent delinquency rate in the first quarter of 2009, up from 1.8 percent in the first quarter of 2008.

Retail properties represented the largest segment of distressed mortgages at $29.7 million.

Source: Washington Business Journal (06/26/2009)

Mortgage