Tag: Commercial real estate
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When I was little, my mom and I used to love strolling through the Park Plaza Mall in Oshkosh, WI. Crowds of shoppers bustled past neon signs for Younkers and Maurice’s. Today, all of that is gone. All that remains are a few tomblike offices. The once-crowded corridors are so…
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Nearly a quarter of all New York City office space is vacant. Now, the pain is spreading to the city’s budget. From a report out this morning in Bloomberg: The atrium at 60 Wall Street was once a thoroughfare for thousands of Deutsche Bank AG employees. These days it’s eerily…
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“A lot of real estate isn’t so good any more,” Munger said. “We have a lot of troubled office buildings, a lot of troubled shopping centres, a lot of troubled other properties. There’s a lot of agony out there.” Berkshire Hathaway Vice Chairman Charles Munger has truly seen it all.…
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+ Business+ Berkshire Hathaway, Buffett, Commercial real estate, CRE, Finance, Investing, Markets, Money, Munger, Real estate, Stock Market, Stocks+
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Tremendous 