A Society of Killer Negotiators
Misfits and Miscreants
"Be always negotiating another new agreement."
-- Steve Miller
80 to 90 percent of malls might close for good.
Updated: Oct 14, 2020
Mall of America hasn't paid its mortgage in two month
The biggest shopping mall in the country is two months in arrears on its mortgage. Wells Fargo is the servicer. This doesn't bode well for the health of the CMBS market that could portend a crash no
Fed Warns of CRE Price Disruption and Declines
In its recent Financial Stability Report, the #Fed said, “The vulnerability stemming from elevated #CRE valuation pressures, coupled with a dim outlook for the sector as indicated by recent declines i