BREAKING: Alphabet stock, $GOOGL, soars over +5% after a judge rules that the company will not have to sell Google Chrome
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BREAKING: The delinquency rate on Commercial Mortgage-Backed Securities (CMBS) for offices surged 62 basis points in August, to a record 11.7%.
This is now a full percentage point above the post-2008 peak of 10.7%.
Since December 2022, the CMBS delinquency rate has risen by over 10 percentage points.
Additionally, the delinquency rate for multifamily CMBS jumped 71 basis points, to 6.86%, the highest in 9 years.
As a result, the overall US CMBS delinquency rate rose 6 basis points, to 7.29%, the highest in at least 4 years.
The commercial real estate downturn is now unfolding faster than in 2008.
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This is now a full percentage point above the post-2008 peak of 10.7%.
Since December 2022, the CMBS delinquency rate has risen by over 10 percentage points.
Additionally, the delinquency rate for multifamily CMBS jumped 71 basis points, to 6.86%, the highest in 9 years.
As a result, the overall US CMBS delinquency rate rose 6 basis points, to 7.29%, the highest in at least 4 years.
The commercial real estate downturn is now unfolding faster than in 2008.
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Google will NOT have to sell Chrome or divest from Android, a federal judge has ruled
Odds plummet to 4%
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Odds plummet to 4%
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Effective September 1:
Citizens and companies of certain countries including China and Russia are barred from purchasing land of any kind, including residential property, under Texas’ new foreign land ban, known as Senate Bill 17. The ban does not apply to U.S. citizens or lawful permanent residents, but does include those in the country on student or work visas.
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Citizens and companies of certain countries including China and Russia are barred from purchasing land of any kind, including residential property, under Texas’ new foreign land ban, known as Senate Bill 17. The ban does not apply to U.S. citizens or lawful permanent residents, but does include those in the country on student or work visas.
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