Hi All,
This is the first day of Summer and the big question in Commercial Real Estate today is - What do we do with all these half-empty buildings?
They are not going to "appraise out" as well as they would if they were still 96% occupied. How much value will portfolios and REITs lose? (This is the second Tsunami hitting - loss of value in commercial real estate)
Why is Martha Stewart a proponent for people to "go back to work" and start commuting again? She is 80+, why should she care if people stay at home to work???
Is it because a lot of her wealth is tied up in REITs and ownership of commercial buildings?
LATEST article, hot off the Presses - this is a critical article for all in Real Estate (as well as their Banks and creditors)
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