2020 Year of Crisis: Real Estate Reckoning
The COVID-19 pandemic has pummeled commercial real estate. As rents and property values plunge and delinquencies rise, the sector faces a reckoning, especially in New York and other urban centers. Investors are concerned about steep losses. Starwood Capital’s Barry Sternlicht, RXR Realty’s Scott Rechler, and other industry leaders discuss the uncertain future of the commercial real estate market.
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