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office building prices

Many offices buildings are going to be 'obsolete' and losses are headed for banks and investors holding real estate debt, property exec says

Tue, 08/15/2023 - 14:31

LinkedIn NYC Office, Empire State Building — Robert Libetti/ Business Insider

Markets, MI Exclusive, Commercial Real Estate, commercial real estate market, office buildings, office building prices, Real Estate

Billionaire Barry Sternlicht's firm just defaulted on a $200 million office mortgage amid mounting commercial-property stress

Thu, 07/20/2023 - 04:28

Barry Sternlicht — Barry Sternlicht, Chairman and CEO, Starwood Capital Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022.
PATRICK T. FALLON/AFP via Getty Images

Markets, MI Exclusive, Barry Sternlicht, Commercial Real Estate, commercial real estate market, commercial real estate crash, office building prices

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