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San Francisco Office Market Shows Signs of Life
Business

San Francisco Office Market Shows Signs of Life

Sales are slowly materializing as some sellers are finally accepting much lower prices. Source link

WeWork Taps Directors With Bankruptcy Chops After Board Resignations
Business

WeWork Taps Directors With Bankruptcy Chops After Board Resignations

WeWork has brought in a slate of new board members experienced in restructuring troubled companies through bankruptcy to succeed three directors who resigned because of

WeWork Raises Doubt About Its Survival
Business

WeWork Raises Doubt About Its Survival

WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid

London's Canary Wharf Takes Brunt of Real-Estate Pain
Business

London's Canary Wharf Takes Brunt of Real-Estate Pain

Empty offices, remote working and corporate tenants fleeing to buzzier parts of the U.K. capital are all hitting the 30-year-old business district. Source link

Billions in Signature Bank Debt to Be Sold by Newmark
Finances

Billions in Signature Bank Debt to Be Sold by Newmark

FDIC to tap the real-estate firm to market about $60 billion in the failed lender’s loans, adding pressure the commercial property market. Source link

Distress in Office Market Spreads to High-End Buildings
Business

Distress in Office Market Spreads to High-End Buildings

The owners of a number of high-end properties recently defaulted on their mortgages, highlighting the financial strain from rising interest rates and vacancies.  Source link