Years Long Instability Affecting California Commercial Real Estate

Years Long Instability Affecting California Commercial Real Estate
Los Angeles City Hall on Nov. 17, 2018. John Fredricks/The Epoch Times
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Following the collapse of banks on both coasts last month, financial markets are jittery, and the lingering threat to commercial real estate is significant, with a litany of issues, primarily tracing back to pandemic restrictions, affecting office and retail real estate.

Office vacancies are distressing lenders, as evidenced by the February default of Brookfield Asset Management on its twin 52-story towers in Los Angeles.

Travis Gillmore
Travis Gillmore
Author
Travis Gillmore is a White House reporter for The Epoch Times. He previously covered the California legislature and Gov. Gavin Newsom. Contact him at [email protected]
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