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The statistics comes as offices across the US have remained vacant, paving the way for a potential financial crisis as high interest rates reduce property values.
Penalties tied to Trump's unscrupulous valuations could skyrocket to $250 million. His legal team dismissed it as "business as usual." Investors told Inman it's more complicated than that.
Apartment buildings rose in value for years, but surging interest rates loom over sector’s property owners now
As this event looms, big banks are already cutting their losses by preparing to offload debts at a discount even when borrowers are up to date - a sign of their lack of faith in the once stalwart market.
Https://www.ft.com/content/3e905e3c-697c-4109-bd9a-605e75a0cfa4 Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market. The willingness o...