A Matter Of TimeMichael Panznerupdated Jul 28, 2010TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. Attention spans have fallen sharply in the digital age. People are used to pushing buttons and getting answers, or seeing things happen at an accelerated pace. Patience is no longer a virtue, but a throwback to a bygone era. History refers to what happened last month, last week, or during the last 24 hours, not over some extended period of time. It's an "out of sight, out of mind" world, where events that take too long to unfold are treated as though they'll never happen. Yet no matter how easy it might seem to ignore or forget the many imbalances and structural problems that still lurk in the shadows, nothing has really changed. In the end, as the following CNBC report, "'Tremendous' Distress in Commercial Real Estate: CEO" suggests, there's lots of ugliness that's yet to play out. Commercial real estate was supposed to be the "other shoe that dropped," but so far, it hasn't. Is this a reprieve or is it just a matter of time before the market runs into problems? "It's happening down the road," Scott Rechler, CEO of RXR Realty told CNBC today. When you look at the commercial real estate market right now, "there is a tremendous amount of distress that is not really visible yet," Rechler said. Today "the blood is really in the boardroom behind closed doors where people are negotiating to solve problems," he said. In the early 90's when the financial downturn happened you had the RTC (Resolution Trust Corporation), which the FDIC (Federal Deposit Insurance Corporation) set up. The RTC was taking "all these bad banks and then throwing the paper at discounts, and people were buying them at cents on the dollar," the CEO said. "This used to be the blood on the streets" in the commercial real estate market, Rechler said, adding, "this happened quickly," he said. But today it's not just about the debt, "they actually have to inject equity," Rechler said. If you look at the CMBS (commercial mortgage-backed securities) over the next five years, "about 65 percent of the debt" will be maturing. "You can't replace the same amount of debt in today's market with the amount of debt that is maturing—its going to need more equity," he concluded. Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.