DISTRESSING NEWS: Brokers say 75% of all...

DISTRESSING NEWS: Brokers say 75% of all Orange County commercial real estate transactions this year will involve property sold at cut rates in desperation (D7). But in South County, it’s a different story, says Grubb & Ellis’ Henry Pritchett, who is listing two self-sustaining office buildings at normal market prices. . . . So why are the owners selling now? “To take the cash and buy distressed property elsewhere,” he said.