CMG Market Watch - Monday, November 4, 2024 - btbirkett@gmail.com - Gmail

CMG Market Watch - Monday, November 4, 2024 - btbirkett@gmail.com - Gmail

Commercial real estate is in full crisis mode, down by well over 50% or more in most markets.  An office building in Manhattan that sold for $332 million in 2006 sold for $8.5 million last month.  The owner, UBS, took a 97% loss on the property.