Commercial real estate lending plunged 53% last quarter as sector hits a 'logjam'

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commercial real estate

Kena Betancur/VIEWpress

Deflation could soon hit the US as real estate and stock prices are at risk of crashing, economist says

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Market crash 2008
Traders work on the floor of the New York Stock Exchange in New York on November 25, 2008.

REUTERS/Lucas Jackson

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

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LinkedIn NYC Office, Empire State Building

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Real estate billionaire Barry Sternlicht says the storm heading for the sector is unavoidable - and recession is coming despite soft landing talk

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Barry Sternlicht, Chairman and CEO of Starwood Capital Group, speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California April 28, 2014. REUTERS/Lucy Nicholson
Barry Sternlicht speaks at the 2014 Milken Institute Global Conference in Beverly Hills

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

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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.

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Commercial real estate lending fell for the first time in 2 years last month as credit conditions tighten

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commercial real estate

Kena Betancur/VIEWpress

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