With No Mainland Chinese Buyers, Hong Kong’s Commercial Real Estate Dives by Nick Corbishley • May 18, 2020 • 29 Comments The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE.
Non-Paying Tenants Trip Up Land Securities, Once UK’s Largest Commercial Property REIT. Stock Plunges by Nick Corbishley • May 14, 2020 • 39 Comments The industry exhorts the government to call out “can pay, won’t pay” retailers, many of them global brands that avoid paying rent despite their cash reserves.
US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed by Wolf Richter • May 11, 2020 • 171 Comments Tenants’ collapsing one after the other without replacement has a pernicious impact on property prices.
Retail Landlords Reel as Big Luxury Brands Threaten to Close Stores if Rents Aren’t Slashed by Nick Corbishley • May 5, 2020 • 93 Comments Luxury retail isn’t what it used to be, from Barcelona to Hong Kong.
Commercial Real Estate Already Gets Hit in Europe: Prices for Retail Properties Plunge, Office Prices Sink by Wolf Richter • May 4, 2020 • 68 Comments “Wide bid-ask spread points to lower values” going forward. It just started.
Can Macy’s Survive this Crisis Without Filing for Bankruptcy? by Wolf Richter • Apr 28, 2020 • 121 Comments Its unsecured bonds crashed 53% since Feb 14. It has been living off its real estate portfolio of “owned boxes” for years by selling them.
How the Unicorn Blowup & Oil Bust Bleed into Commercial Mortgage-Backed Securities by Wolf Richter • Apr 26, 2020 • 178 Comments CMBS get to eat it all: Amid overvalued vacant collateral, there is a new thingy: Tenants delaying rent payments and landlords asking for forbearance.
Mainland Chinese Stop Buying Hong Kong Residential Properties, Try to Unload What They Have, Prices Follow by Nick Corbishley • Apr 21, 2020 • 119 Comments “Some forced selling is highly likely.”
SoftBank’s Fake Startup “Valuations” Come Unglued by Wolf Richter • Apr 13, 2020 • 147 Comments But those paper gains were fun while they lasted.
Construction Activity Plunges in Germany, France, & Italy by Nick Corbishley • Apr 7, 2020 • 33 Comments And construction companies “aren’t expecting a swift recovery.”
