Independent thinking for complex markets and current events
OFFICE TOWERS PLUNGE UP TO WHOPPING 95% OFF AS A FIRE SALE SWEEPS THE US MARKET The US office market is in freefall. Aging towers are trading at fractions of their former worth as owners finally admit that the post-pandemic workplace is not coming back. From… pic.twitter.com/tzgdyX36Xs — FXHedge (@Fxhedgers) April 7, 2026 Rumors are …
HONG KONG (AP) — The death toll from a massive fire that broke out at a residential apartment complex in Hong Kong has risen to 55, as firefighters continued to battle the blaze, among the deadliest in the city’s modern history. Hong Kong authorities said Thursday 51 people had been found dead on the scene, …
New York nearly stopped moving and nobody really noticed. While diplomats sat inside the United Nations General Assembly, someone had quietly built a network across the city. It could shut down every cell tower, block emergency calls, and send anonymous threats to top officials. This was not a hobby or a glitch. It was a …
by confoundedinterest17 Downtown? I know a place where the crime and congestion isn’t so bad, the suburbs. Commercial real estate market challenges are more severe for older office towers in downtown metro areas than those outside city centers. The mismatch between funding needs and available credit in a high-interest-rate environment has also intensified the strain on building owners, …
An empty 16-story office building at 995 Market Street in San Francisco recently sold for a mere $6.5 million. This price represents a staggering 90% plunge from its 2016 value of $62 million. The building, which was once home to Burning Man headquarters and later occupied by WeWork, has faced significant challenges in the city’s struggling office market. With a vacancy rate of …