Investors are betting that trouble in New York City’s commercial real estate market will spread nationwide. Prices for debt backed by hotels, restaurants and retail in New York City — among the hardest-hit sectors as the pandemic emptied out tourist destinations this year — have fallen and new loans have slowed, leaving bankers and the real estate industry bracing for further declines, the Wall Street Journal reported. Daniel McNamara, a principal at MP Securitized Credit
source https://therealdeal.com/2020/10/19/new-yorks-cre-woes-could-spread-nationwide-investors/
No comments:
Post a Comment