Third Point Real Estate's managing partner said it's 'a foolish debate' to say the office market will fail
— the specialists in handling debt in danger of default — since 2010 seems to confirm that prognosis.
"It's a foolish debate that office is going to become extinct," Scavone told Insider."That's not going to happen. Is it because downtown San Francisco is somewhat of a difficult commute from suburbs in Marin County or the East Bay? There's a direct correlation between commute times and the rate at which people are returning to the office.
Even in strong multifamily markets, the owner's cost basis is often too high to economically facilitate the conversion. But this is not a bad thing. People are by nature social explorers. And being isolated through the workday has negative psychological repercussions. People should want to get out. It's healthier and they will better develop as professionals.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Real estate developer central to Ken Paxton impeachment arrested by FBINate Paul, the Austin real estate developer central to illegal conduct allegations against impeached Attorney General Ken Paxton, was booked into the Travis County Jail.
Leer más »
Austin Real Estate Developer Nate Paul’s Arrest, What We Know So FarNate Paul, the Austin real estate developer whose alleged bribes of Ken Paxton were central to the A.G.’s impeachment, is currently sitting in the Travis County Jail.
Leer más »
Austin real estate developer at center of Paxton’s impeachment arrested pending federal chargesNate Paul, the Austin-based businessman at the center of suspended Texas Attorney General Ken Paxton's impeachment, was arrested yesterday in Travis County on an FBI warrant.
Leer más »
The Real-Estate Market Caught in a Tangled Web of Ownership and DebtOne of the world’s most overstretched real-estate markets has a knotty problem. Many of its top property tycoons own stakes in rival companies—and when one firm wobbles, others can feel the pain.
Leer más »
Real estate developer central to Ken Paxton impeachment federally charged with 8 felony countsThe federal indictment charges Nate Paul, the real estate developer central to Ken Paxton's impeachment, with making false statements to financial institutions to receive loans totaling $172 million.
Leer más »
Borrowing costs jump to 7% for landlords seeking Wall Street financing on commercial real estateWall Street is back originating new commercial real-estate loans to package into bond deals, with the hitch that it's more expensive for landlords.
Leer más »