Musk stopped paying rent for the Twitter offices in November.
The post Elon Musk Blamed for Goldman Sachs’ CRE Woes appeared first on Weekly Real Estate News.
Elon Musk Blamed for Goldman Sachs’ CRE Woes
Commercial Real Estate
Elon Musk says the state of the commercial real estate debt market is ‘by far the most serious looming issue’
Of all the economy’s looming threats, Elon Musk says the state of the commercial real estate debt market is “by far the most serious.” On Sunday, the Kobeissi Letter, a newsletter focused on global capital markets, tweeted that over […]
Economy
Elon Musk says Twitter is roughly breaking even, has 1,500 employees
April 12 (Reuters) – Twitter Inc CEO Elon Musk said on Wednesday the social media company is “roughly breaking even,” as most of its advertisers have returned and its aggressive cost-cutting efforts have started bearing […]
Commercial Real Estate
Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks
The turmoil in the banking sector could spread to the housing and commercial real estate markets, Elon Musk has warned. “This is by far the most serious looming issue,” he tweeted on Saturday. “Mortgages too.” The Tesla, Twitter, and […]