Recently published are a couple of eye-popping, revealing articles about the condition of the commercial real estate markets—with emphasis on the landlord and lender—with little sugar coating. To all tenants/our clients: taste them for flavor, or pore through the gory details. Building owners will need to look to 2012 and beyond for signs of any true “recovery” from the Great Recession. In the meantime, that spells opportunity for YOU. Let’s talk over lunch about the impact on your tenancy.
- Further Slide Seen in N.Y. Commercial Real Estate
January 8, 2010. New York Times.
$12.5 billion worth of New York office buildings are heading into foreclosure or bankruptcy. Is New York a bellwether for the rest of the nation? There can be no doubt.
- Fallout Is Wide in Failed Deal for Stuyvesant Town
January 26, 2010. New York Times.
Focuses on the fallout for San Francisco landlord—New York based Tishman Speyer Properties; BlackRock Realty and others…