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...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
...The fallout from NYCB’s losses, which coincided with similar disclosures by banks in Europe and Asia, hit the wider US regional banking sector and rekindled concerns about lenders’ exposure to US commercial...
...Hours later, the chief executive of Alaska Airlines revealed that his airline had found “some loose bolts on many” Max 9s during inspections of the planes....
...Darcy Stacom, one of the most powerful figures in New York City real estate, is leaving brokerage firm CBRE after 22 years in a further sign of the crisis upending commercial property....
...The losses mark the latest fallout from the US commercial property market’s dual problems of fewer people working in offices since the pandemic and more expensive borrowing costs....
...Today on the show, Ethan Wu is joined by Robert Armstrong and FT property correspondent Joshua Oliver, who explain what’s going on with NYCB, and what the bank’s troubles tell us about the commercial real...
...The company asked Greg Hyslop, then the chief engineer, to move from Chicago to Seattle to be closer to Boeing’s commercial plane factories....
...Integrating Spirit would put further pressure on Boeing’s commercial aircraft team, while Boeing’s balance sheet could do “without the cost acquiring Spirit”, Stallard said....
...BPY’s core property portfolio contains almost 200mn gross square feet of office and retail space, in about 200 locations....
...The decline moderated, leaving shares down almost 26 per cent on the day and taking their year-to-date drop to 65 per cent amid worries about the US regional lender’s exposure to the commercial property...
...Chief among the obstacles are funding costs and exposure to the troubled commercial real estate sector....
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
...A disagreement last year over intellectual property control resulted in them suing each other, Microsoft ending their partnership and the game being taken offline....
...Tim Carter, managing associate in the intellectual property team of law firm Addleshaw Goddard, said in an analysis of the ruling that it showed EUIPO was not going to allow this kind of commercial exploitation...
...As for losses, Cangemi said the bank had spent the fourth quarter stress-testing its commercial real estate loan portfolio, a portion of which it acquired with Signature, and had raised its estimate of expected...
...While worker groups say employers have been reluctant to increase wages further, property companies point out that operators have been keen to pay slightly higher rents in the hope that these facilities...
...And rising interest rates have hammered commercial property values across the market, reducing the value of the assets used to secure Signa’s loans....
...The changes in how people work have already prompted a meltdown in commercial real estate....
...The latest efforts include cuts to several policy interest rates and rule changes letting commercial property developers borrow to pay off old debts....
...Commercial property is not a nice market to be in right now (more on which below). Where would WeWork, which once commanded a $47bn valuation, go in a ranking of greatest-ever value destruction?...
...This includes the homebuilders (up 40 per cent or so) and commercial real estate plays such as Boston Properties and Simon Property Group....
...BofA and Wells upped the amount of money they provisioned for soured loans, blaming rising risks in the commercial property market....
...(The ad would eventually lead to the incoherent collision of intellectual properties known as Space Jam, which Riswold called “a terrible movie” and “the greatest extension of bullshit that ever came out...
...Wells Fargo has agreed to buy Neiman Marcus’s vacant space at 20 Hudson Yards for $550mn in a deal that confirms the changing fortunes of one of New York City’s largest property developments....
...Investing: A small German mortgage lender has become one of Europe’s most-shorted stocks because of its exposure to US commercial property....
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