“The market doesn’t care what you think.”
Wow, that was fast: In default is a $650 million portion of a $2 billion loan package, signed in 2018.
Asking rents for ground-floor retail space have plunged as landlords struggle with vacancies.
But rents surge in 22 other markets by the double-digits.
The entire spectrum, From Battery Park City in Manhattan to Wichita.
Store liquidations in 2019 have blown past the full-year total of 2018. The phenomenon is proceeding with relentless momentum.
Retail space asking rents plunge as landlords try to fill scores of vacant shops. Charts by shopping corridor.
52% of the homes listed for sale last spring still have not sold. For sellers, “the situation calls for a clear strategy: cut prices.”
This is what happens when Chinese conglomerates get sidelined by unfortunate events.
One mega-deal at a mega price. The rest was dreary.