Commercial real estate market faces next wave of financial stress, says Apollo CEO
THE financial world is increasingly warning of the pain to come for owners of office buildings.
ELEVEN years ago, Sally Liu, a water-resources engineer, and her husband Bay Chang, then a senior research scientist for Google, bought a 0.84-acre lot for US$2.675 million in suburban Hillsborough, California. Avid environmentalists in their mid-40s with two young sons, they set out to build something different from the neighbourhood’s overblown mansions and closer to their hearts: a green energy home.
Written by: sherwin@eyeconz.com
labelReal Estate News todayMay 3, 2023
THE financial world is increasingly warning of the pain to come for owners of office buildings.
labelReal Estate News todayMay 9, 2023
SWEDISH home construction is likely to plummet in the wake of falling housing prices, weighing heavily on the Nordic country’s economy, Nordea Bank Abp said in an outlook report.
labelReal Estate News todayMay 9, 2023
THREE years after the pandemic flattened the Manhattan office market and the commercial ecosystem that depended on it, small businesses in the other boroughs are facing the biggest rent increases in the city. The burden is landing mostly on store owners in predominantly Black, Latino and Asian neighbourhoods, according to a new analysis of Department [...]
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