Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
Here’s how a soon-to-be bankrupt company that’ll default on all its debts can still borrow $5.5 billion.
California’s rate payers & taxpayers likely on the hook, as we know from PG&E’s first bankruptcy in 2001.
But this time it’s not a result of a tech bust. That hasn’t happened yet.
Commercial real estate developer shares his insights on how to prepare for it.
House prices down $265,000 from peak, down $60,000 from year ago. America’s most majestic housing bubble begins to deflate.
Homebuilder Toll Brothers just said it out loud.
The underlying dynamics changed in August and have worsened since. And this is still the tech boom.
The inflection point: sellers got the memo and cut prices.
“101 new listings, 101 price reductions.”