A downward spiral of commercial property prices can hurt sectors beyond the real-estate industry, warns Lisa Shalett, chief investment officer at Morgan...
A downward spiral of commercial property prices can hurt sectors beyond the real-estate industry, warns Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management.
Morgan Stanley analysts think commercial property prices could tumble as much as 40%, nearing declines seen in the aftermath of the 2008 global financial crisis. San Francisco Mayor London Breed’s office said a week ago that it was projecting a $780 million budget shortfall in the coming two fiscal years through 2024, up $51.5 million from its projection in January.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Commercial real estate prices may crash 40% from peak, worse than 2008Commercial real estate prices could crash 40% from their peak in a worse disaster than the financial crisis, Morgan Stanley strategist warns
Read more »
Felipe Massa Could Sue Over 2008 Title LossRevelations from Bernie Ecclestone could add another chapter to F1's greatest controversy.
Read more »
Felipe Massa Could Sue Over 2008 Title LossRevelations from Bernie Ecclestone could add another chapter to F1's greatest controversy.
Read more »
25,000 cases in one week and a call to arms: Morgan & Morgan’s battle with insurersLitigation is rarely warm and fuzzy, but what’s unfolding in Florida between plaintiffs firm Morgan & Morgan and the insurance industry puts hardball tactics in a new light.
Read more »
Guess Who This Flexible Kid Turned Into!This cute kid took first place at the 2008 Olympics, can you guess who she is?
Read more »
USD/CAD Price Analysis: Range restricts to 40-pips as investors await US/Canada Employment dataThe USD/CAD pair corrected below 1.3450 in the early Asian session as the US Dollar Index (DXY) showed a loss in the upside momentum after reaching to
Read more »