Federal buildings are 75 percent empty.

Republicans say billions of taxpayer dollars have been wasted based on unused federal office space and employees taking advantage of the White House’s liberal work from home policies. Damning reports reveal government employees have been in meetings while taking bubble baths, still got paid while on the golf course and attended happy hours while on …

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Report Of Possible Active Shooter At Senate Buildings

U.S. CAPITOL POLICE: REPORT OF POSSIBLE ACTIVE SHOOTER AT SENATE BUILDINGS U.S. CAPITOL POLICE: WE DO NOT HAVE ANY CONFIRMED REPORTS OF GUNSHOTS U.S. CAPITOL POLICE: EVERYONE INSIDE SHOULD BE SHELTERING IN PLACE If you are inside the Senate Buildings, everyone inside should be sheltering in place as the report was for a possible active …

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The wipeout of CRE valuations is going to be epic. Banks, PE locusts, & pension funds saddled with the toxic-waste CMBSs on these buildings are toast.

CRE Panic Hits Baltimore As Second Office Tower Dumped At 69% Discount https://t.co/MyjQjAISAQ — zerohedge (@zerohedge) July 20, 2023 On Tuesday, we asked: Is this the start of a commercial real estate firesale in crime-ridden Baltimore City? And to our surprise, it appears so. Let’s begin with our report on Tuesday when The Baltimore Sun revealed …

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World’s Empty Office Buildings Have Become a Debt Time Bomb

From San Francisco to Hong Kong, higher interest rates and falling property values are bringing the commercial real estate market to a perilous precipice. In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall …

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