#commercial-real-estate-crisis

[ follow ]
fromCity Limits
5 days ago

How NYC's Housing Crisis is Squeezing its Small Businesses

His monthly rent has climbed to more than $11,000 a month, from roughly $2,000 when he first opened. Produce costs have spiked under new tariffs. Utilities and fees keep rising. And customers already drained by soaring housing costs are buying less.
NYC real estate
Real estate
fromtherealdeal.com
1 week ago

Syndicator lender Ready Capital reports massive losses

Ready Capital reported a $232 million loss while restructuring its commercial real estate loan book, with stock down 60% and non-accruing loans rising to 25% of its portfolio.
[ Load more ]