Market Extra
‘Every single crisis in my lifetime has been headlined by real estate,’ says Cobb, co-founder and managing partner of 3650 REIT
Toby Cobb, a former Deutsche Bank co-head of U.S. commercial real estate, is worried about the contagion risks of office-building stress that could drag down the economy.
Angela Weiss/Agence France-Presse/Getty Images
Toby Cobb has been in the catbird seat of the commercial real-estate market for decades, holding the reins on who gets loans during boom years, and the cards when things go bust.
Cobb was Deutsche Bank’s co-head of U.S. commercial real estate in the run up to the global financial crisis of 2008. In its wake, he shared the helm of LNR Property, one of the nation’s biggest workout shops for soured property deals, with longtime colleague Justin Kennedy.
He…
