Soon after the coronavirus was declared a pandemic in mid-March, real estate dealmaking around the world ground to halt as capital markets froze and buyers reconsidered the value of assets. In-contract deals that were disrupted in the early days of the crisis included a luxury hotel portfolio and a trophy office building in Midtown Manhattan, as well as countless smaller transactions. Data from Real Capital Analytics quantifies the scale of these “busted deals” — and
source https://therealdeal.com/2020/08/27/rate-of-busted-deals-in-us-commercial-real-estate-increased-fourfold/
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