Brick-and-Mortar Pharmacies in the Cross Hairs by John McNellis • Mar 5, 2022 • 108 Comments If you have a building with drug store that’s only making money in its pharmacy, your years of collecting fat rent checks are likely numbered.
What are Vacant Office Towers Worth? Foreclosure Sales Show How Values of 1980s Office Towers in Houston Have Collapsed, Dishing out Huge Losses for CMBS by Wolf Richter • Feb 17, 2022 • 177 Comments The loans were securitized into CMBS in 2014. From hype to heck in 7 years. Other markets with office busts have something to stew over.
Status of the Office Glut in Houston, San Francisco, Manhattan, Los Angeles, Chicago, Washington DC, Seattle by Wolf Richter • Jan 3, 2022 • 64 Comments Companies adjust their office footprint to working from home.
Trying to Make Sense of Economic Madness: Wolf Richter on Construction Disruption by Wolf Richter • Dec 21, 2021 • 106 Comments Many office buildings may become irrelevant, many malls already have. What does the future hold for once-flourishing buildings? Housing is a pain point for many people. Now we face higher interest rates and high inflation.
CVS to Close 900 Stores, Convert Others from Retail to Services, as Ecommerce Competitors Gobble up Pharmacy Revenues by Wolf Richter • Nov 19, 2021 • 103 Comments Brick & Mortar Meltdown Continues.
How Can an 11-Year Old Company Lose $844 Million on $661 Million in Revenues? WeWork Shows How, Having Lost $13.3 Billion on $10.6 Billion in Revenues in Less Than 4 Years by Wolf Richter • Nov 15, 2021 • 153 Comments It just doesn’t let up with this outfit.
House Flipper Zillow Seeks to Dump 7,000 Houses to Big Investors after Reports it Overpaid: Buy High, Sell Low, Take “One-Time Noncash Charge?” by Wolf Richter • Nov 1, 2021 • 187 Comments How Zillow helped whip house prices higher and got caught with its pants down (AI = artificial idiocy?).
The Mess of China’s Over-Leveraged Property Developers Spills into California by Wolf Richter • Oct 31, 2021 • 114 Comments Stiffed creditors in China and Singapore seized the halted construction mega-ulcer in San Francisco, the Oceanwide Center.
Why Walgreens is in Trouble in San Francisco and is Closing Some Stores: It’s Not Shoplifting, that’s an Artful Distraction from the Real Reasons by Wolf Richter • Oct 23, 2021 • 234 Comments Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
Apartment Conversions from Old Office Buildings, Hotels, Factories: The Numbers by Wolf Richter • Oct 11, 2021 • 84 Comments A costly slow process that gives some buildings a second life.
