O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary discusses the looming commercial real estate collapse and its impact on banks and small businesses.
Madison Ventures Plus managing director Mitch Roschelle reacts to mortgage rates hitting their highest point since 2000 on 'Varney & Co.'
O'Leary even doubted whether rebuilding or repurposing commercial spaces would be feasible given what he estimates would be a "$1,000,000,000,000 in aggregate" costs. "There's big problems, and it's going to manifest itself in these regionals over the next 36 months," he warned. The crisis facing commercial spaces extends beyond just proprieties like office spaces. O'Leary warned the collapse looming in"The challenge is, in every other real estate cycle, when you have a correction, which is about to happen here because of rising rates, and we've got to refinance these buildings and many of them have no equity left in them.
Even before the collapse of Silicon Valley Bank and Signature Bank in early March, the commercial real estate market was struggling with a number of challenges, including
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
33 'Shark Tank' Products That’ll Help Make Life Less ComplicatedWelcome to ~Easy Street.~
Leer más »
Uee Finds A Loan Shark Waiting For Her At Work In “Live Your Own Life”Uee Finds A Loan Shark Waiting For Her At Work In “Live Your Own Life”
Leer más »
Beachgoers help rescue shark after it washes ashoreBefore helping the shark get back into the water, the couple called authorities and were told that there was nothing they could do so, they took maters into their own hands!
Leer más »
Beachgoers help rescue shark after it washes ashoreBefore helping the shark get back into the water, the couple called authorities and were told that there was nothing they could do so, they took maters into their own hands!
Leer más »
Ibram X Kendi's antiracism think tank at Boston University lays off third of staffA Boston University think tank led by 'antiracism' expert Ibram X. Kendi has let go of nearly a third of its staff, the latest sign of layoffs hitting left-wing activist groups.
Leer más »
What It's Like to Be a Shark: Dispelling Gory MythsA new book explains who sharks really are and why they deserve better treatment.
Leer más »