The troubles in the US commercial property market, which have already hit banks in New York and Japan, moved to Europe this week, elevating fears about broader contagion. The latest victim was Germany ...
In the dark days of 2022, when rising interest rates turned commercial real estate into a credit desert, the industry’s perpetual optimists found a rallying cry. Just survive until ’25, they told ...
Treasury Secretary Janet Yellen said that while losses in commercial real estate are a worry, US regulators are working to ensure that loan-loss reserves and liquidity levels in the financial system ...
Property lenders have often been willing to work with borrowers since the pandemic upended commercial real estate. Increasingly, their patience is running out. There were 635 US commercial real estate ...
Bank of America Corp.’s Chief Executive Officer Brian Moynihan said it’ll take time for the banking industry to work through issues with commercial real estate loans, after a New York regional lender ...
Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. Wu has submitted a petition for a ...
Falling commercial-property values are raising solvency risks for potentially hundreds of US banks, according to a new report prepared for the National Bureau of Economic Research. About 14% of all ...
Morgan Stanley is seeking out real estate opportunities that arise as pain ripples across the global commercial-property market. The firm’s real estate investing platform is actively looking for deals ...
The US Federal Aviation Administration said it licensed a record number of commercial space operations in the past year, despite accusations that its approval process is too slow and is stifling ...
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