Bank of America (BAC) reported double-digit growth in revenue and net income in the second quarter on Tuesday, as higher interest rates boosted income it generated from lending money. Why Does This Matter? Monetary policy tightening by […]
KEY TAKEAWAYS Hybrid work schedules could lead to an $800 billion drop in commercial real estate values by 2030, according to a study by McKinsey. The study found office worker attendance is 30% below what […]
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 […]
As Commercial Real Estate failure continues to loom in the U.S., some have brought up concerns regarding how this could result in the collapse of some banks. In a series of tweets on Monday, Nick […]
Well-capitalized investors are finding opportunities amid the ongoing turbulence in the commercial real estate sector, according to Kathleen McCarthy, co-head of global real estate at Blackstone. “When sentiment gets really negative, prices decouple from fundamental […]
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times […]
High-ranking figures in the real estate finance industry gathered at the Marriott Marquis in New York’s Times Square in June.– Commercial property transactions were halted, leading to decreased demand for new loans.– Loans made during […]
Distress is spreading in the US commercial real estate industry, with the amount of troubled assets climbing to nearly $64 billion in the first quarter of this year. The amount of distressed assets rose 10% […]
Commercial real estate could well be the next big shoe to drop. But even if it is, the systemic repercussions are likely to be small. That’s the message being sent not only by Fed chair Jay Powell on […]
American banks are preparing to sell portions of their commercial real estate debt at a loss, according to a new report. Although most debtors are up to date on payments, banks are looking to clean […]
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