Tag Archives: commercial real estate

WeWork reportedly to file for bankruptcy as soon as next week

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The company that once embodied the future of the workplace, which at its peak was valued at $47 billion, is reportedly considering filing a chapter 11 petition in New Jersey. Continue reading →

Buffett, Munger foresee ‘hollowed out’ downtowns on the horizon

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Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. “The buildings don’t go away,” Buffett said. Continue reading →

How some commercial brokerages are beating the current market

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Despite struggles in the commercial space dating from the beginning of COVID, some commercial brokerages have found a way to thrive, writes Atman Real Estate CEO Victoria Kennedy. Here’s what they’re doing. Continue reading →

Treasury Secretary: Commercial real estate will suffer ‘some pain’

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In her first interview since the resolution of the debt ceiling crisis, Treasury Secretary Janet Yellen said that while she expects “some pain” and even consolidation, banks will weather the storm. Continue reading →

Barbara Corcoran fears ‘bloodbath’ as bigwigs warn of real estate crash

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In the past week, a growing chorus of public figures — from Elon Musk and Ross Perot Jr. to Barbara Corcoran and Dave Burt — have escalated their rhetoric around a looming “real estate recession.” Continue reading →

JPMorgan CEO: Real estate is going to be a big problem for some banks

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Not every bank is at risk, JPMorgan CEO Jamie Dimon said Monday during an investor conference. But for lenders with more exposure to commercial properties, the months ahead could be tough. Continue reading →

Airbnb chief calls out CEOs for remote work double standard

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“I guarantee you that many of these CEOs who are calling people back to the office in New York City are going away to the Hamptons for the summer or going to Europe in August,” Airbnb CEO Brian Chesky said. Continue reading →