The sense of impending doom in commercial property is almost inescapable in the US and Europe, but evidence of actual disaster is scant. Real estate experts and investors who specialize in distressed assets think it’s only a matter of time before landlords and lenders must face reality and yet finance officials like US Treasury Secretary Janet Yellen say problems are manageable.

The truth is that the losses to come over the next few years will likely be as varied and specific as the experiences of different banks so far seem to be. There will be some stories of real pain like the losses for Blackstone Inc. and its lenders on 1740 Broadway, New York. But other owners will be filling units and raising rents on offices a little more than a stone’s throw away.

QOSHE - Banks’ Real Estate Losses Will Be Hyperlocal - Paul J. Davies
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Banks’ Real Estate Losses Will Be Hyperlocal

8 5
15.02.2024

The sense of impending doom in commercial property is almost inescapable in the US and Europe, but evidence of actual disaster is scant. Real estate experts and investors who specialize in........

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