A Simon Property Group Mall Generates Largest Loss Ever for Retail CMBS by Wolf Richter • Apr 8, 2019 • 52 Comments How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall.
How Can a Company with $1.8 Billion in Revenue Lose $1.9 Billion? WeWork Shows How by Wolf Richter • Mar 25, 2019 • 108 Comments The financial world has gone nuts.
More Lousy Data Emerges after Government Shutdown: Construction Spending by Wolf Richter • Mar 4, 2019 • 54 Comments Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data.
Worried about Costs & Slowdown? Amazon Scuttles HQ2 Altogether, Plunges NY City Real Estate Industry “Into Despair” by Wolf Richter • Feb 14, 2019 • 142 Comments Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
What the CEO of America’s Largest Mall REIT, Simon Property Group, Just Said about the Brick & Mortar Meltdown and How it’s Trying to Manage It by Wolf Richter • Feb 2, 2019 • 62 Comments “I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble? by Wolf Richter • Jan 29, 2019 • 52 Comments Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
Preparing for a Coming Winter Storm? WeWork Pivots to Minimize Risk for Itself by John McNellis • Jan 28, 2019 • 56 Comments WeWork landlords in America are likely to learn: In a down market, they’re all going to be partners, voluntarily or otherwise.
THE WOLF STREET REPORT by Wolf Richter • Jan 13, 2019 • 48 Comments What’s the deal with retailers — and retail sales?
THE WOLF STREET REPORT by Wolf Richter • Dec 16, 2018 • 64 Comments Peak “Everything Bubble?” The data is piling up.
Winter is Coming to Commercial Real Estate by John McNellis • Dec 14, 2018 • 40 Comments Commercial real estate developer shares his insights on how to prepare for it.
