[Kaiser8408a]

Biden's claim to fame.

[allendale]

Urban America is unlivable and the technology is making centrally located office complexes unnecessary.

[hinckley buzzard]

Progressive Insurance has gone to almost entirely work-from-home. Drive by their two big office buildings by the freeways in Cleveland suburbs during business hours, see maybe six or seven cars in the spacious parking lots. They probably would like to unload the properties but doubt there are any takers.

[eyeamok]

Downtown Los Angeles high rises are running on about a 30% occupancy rate at best. Two defaulted on roughly $750 Million in the last couple weeks, a whole lot more are prepping for Bankruptcy

[Alberta's Child]

I might have felt bad about this fiasco if the business leaders whose companies own, manage and occupy these buildings had pushed back hard against the stupid government-imposed lockdown measures in 2020 and vaccine mandates in 2021-22.

Cry me a river.

[RoosterRedux]

Carl Icahn shorted the commercial mortgage market back before COVID. Haven't heard if he has closed that position or is still holding.

Note of caution to Carl, if Carnival Cruise Line can come back strong, so can commercial real estate. You might want to close out now before companies follow Musk and start bringing workers back to the office.

Not say that will happen, but that is certainly an issue right now.

[Lockbox]

If a commercial building faces foreclosure in a city of empty buildings does anyone hear....