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2 articles

Economy

The Commercial Real Estate Cascade Has Started

CRE loan defaults are accelerating in secondary markets below the threshold of financial press coverage — and the mechanism connecting them to regional bank balance sheets is now visible.

Miles Thornton8 min read
Business

The Commercial Real Estate Reckoning Has Arrived

Office vacancy rates in major US cities have hit 20-30 percent. The banks that financed the boom are beginning to reckon with losses. The signals suggest the worst is still ahead.

Miles Thornton11 min read