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It was only a month ago that Elon Musk tweeted “Commercial real estate is melting down fast.” Musk had alluded to the possibility that commercial real estate was edging over the cliff earlier than that. “We really […]
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Brokerages’ real estate asset values plunge amid freezing sentiment
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The real estate assets of securities firms here have plunged in value over the past year amid continued market uncertainties caused by a hawkish cycle of rate hikes, data showed. According to data compiled by […]