Buyers Snap Up Aging and Empty Office Buildings for Deep Discounts
Bargain hunters are getting deals of up to 70 percent, a sign of the pain in the commercial property market that could lead to large losses for banks and investors in real-estate-backed loans. [Source]
Publication Date:Origin: nytimes.com
Category: Real Estate (Commercial)
Topics: loans, real-estate-backed, investors, banks, losses, large, could, market, property, commercial, percent, deals, getting, hunters, Bargain, Discounts, Buildings, Office, Empty, Aging, Buyers
Source: https://www.nytimes.com/2024/06/12/business/distressed-office-buildings-buyers.html