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, …