“Chicago’s Aon Center offers an almost absurd illustration. The 83-story skyscraper changed hands for $712 million in 2015 and was subsequently refinanced, with $536 million of debt eventually packaged into commercial mortgage-backed securities. Today, after losing important tenants, the building is worth nowhere near that amount. Its latest appraisal came in at just $195 million — a decline of roughly 73% from its 2015 purchase price.”
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#realestate #commercialrealestate #CRE
● “The Commercial Real Estate Crash Is Moving From Paper Losses To Realized Losses,” Zero Hedge, 9/27/26:
LINK: https://www.zerohedge.com/markets/commercial-real-estate-crash-moving-paper-losses-realized-losses
