Delinquency Rates of Student-Housing CMBS Spike by Wolf Richter • Sep 8, 2019 • 128 Comments The once hot asset class of high-end student housing runs into reality.
In Hilarious IPO Filing, WeWork Dreams of $3 Trillion in Revenue But Has Billions in Losses. Red-Ink Massacre to Come in 2nd Half by Wolf Richter • Aug 14, 2019 • 145 Comments All in next-gen corporate speak to give you the warm & fuzzies. Meanwhile, Uber hits new low, down 24% from IPO price.
Brick & Mortar Meltdown’s Ugly Week in Record-Ugly Year by Wolf Richter • Aug 9, 2019 • 113 Comments Store liquidations in 2019 have blown past the full-year total of 2018. The phenomenon is proceeding with relentless momentum.
The Biggie that Used to Be Strong: Nonresidential Construction Spending Suddenly Sags by Wolf Richter • Aug 1, 2019 • 52 Comments Only feeble signs of manufacturing returning to the US (you’ve got to build the plants first).
When the Music of the “Wealth Effect” Stops by Wolf Richter • Jul 4, 2019 • 90 Comments The phenomenon has reached historically huge proportions in the Everything Bubble era. But it comes in cycles – with a big impact on the real economy.
Apartment Rents Fall in Seattle, Southern California, New York, Oakland, San Jose, Chicago, Honolulu by Wolf Richter • Jul 1, 2019 • 66 Comments But 8 markets show double-digit increases.
This is What Happened Next After Special Interests at U.C., Berkeley Retrieved their Power by John McNellis • Jun 28, 2019 • 43 Comments Hundreds of millions of dollars in lost opportunities, bungled projects, and out-right featherbedding.
This Is What Happens When Retailer Asks Landlord for a Rent Reduction by John McNellis • May 19, 2019 • 40 Comments The practice of renegotiating rent is older than selling Thanksgiving turkeys as loss leaders, but there is a relatively new, ugly wrinkle to the game.
Brick & Mortar Meltdown, Manhattan Style by Wolf Richter • May 16, 2019 • 116 Comments Retail space asking rents plunge as landlords try to fill scores of vacant shops. Charts by shopping corridor.
Here Are Sears Holding’s Five “Fraudulent Transfers” and Why “Culpable Insiders” Lampert, Mnuchin, et. al Got Sued by Wolf Richter • Apr 18, 2019 • 63 Comments Greed and scheming dominated the five deals: SHO, the spinoffs of Orchard, Sears Canada, Lands’ End, and the putrid Seritage deal.
