The company has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in — and spend — investors' cash.
One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
San Francisco's empty office buildings and fleeing retailers have been in the news. London Breed challenges that narrative.
Offices are at the epicenter of seismic pandemic shifts, per McKinsey's Aditya Sanghvi. They need to become places where people want to be.
More than 3% of such loans are now delinquent.
Smaller and regional banks are major lenders not only for office construction, but also building projects like hospitals, educational institutions and ports.
Analysts say there's no reason to panic, but the sinking values of commercial properties could make those banks' balance sheets look pretty bad.
The market for skyscrapers with great views and lush amenities is softening.
The commercial real estate market is being forced to adapt. Some buildings offer leasing incentives, others may convert to a different use.
If the pandemic didn't convince CEOs to get rid of costly in-person work environments, an economic downturn might do the trick.