Office building credit crunch could hit wider U.S. economy, former Deutsche Bank property lender says

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…