Even Wealthy Landlords Are Skipping Payments on Office Buildings

Posted by newmac on Friday March 10, 2023 @10:35PM
from the bloomberg.com dept.

https://www.bloomberg.com/news/articles/2023-03-09/work-from-home-shift-spurs-office-building-defaults

( 3 comments | 4 points | on HN )

Re:Even Wealthy Landlords Are Skipping Payments on Office Bu... by scarface74 on Friday March 10, 2023 @11:17PM (#35105271)

> Or not. Last month, Columbia Property Trust defaulted on about $1.7 billion worth of mortgages

“If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem”

[ Parent | on HN ]

Re:Even Wealthy Landlords Are Skipping Payments on Office Bu... by ttyprintk on Friday March 10, 2023 @11:44PM (#35105445)

https://archive.ph/mb8l9

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Re:Even Wealthy Landlords Are Skipping Payments on Office Bu... by fbdab103 on Saturday March 11, 2023 @12:32AM (#35105738)

What is the largest office building that has been seized by a lender? How do you go about re-selling such a building or does the bank just have to become a landlord and rent it out piece by piece?

[ Parent | on HN ]