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Archive
What Signature Bank's Demise Means for NYC
NY real estate investors' withdrawals, fearing Signature Bank's crypto exposure & SVB's fate, significantly caused the bank's collapse, per regulators & owners. News spread fast within the tight-knit real estate community, resulting in a domino effect of withdrawals.
Blackstone Sends Shockwaves through European Markets
Blackstone's (BX) default on €300M ($319M) of a €531M commercial mortgage-backed security (CMBS) for Finnish properties warns of a grim outlook for lower-quality office and retail assets globally and could affect international acquisitions.
Amazon HQ2 Delays, Water Coolers, and Cali Cuts
Looks like Amazon's second HQ is taking a bit of a hiatus, and investors are getting creative by using water coolers to predict when people will return to the office. And speaking of office space, California's government is cutting back by a cool 1.16 MSF.