Pension fund Calstrs braced for writedowns in $50bn property portfolio

Sooner or later, commercial real estate’s day of reckoning had to come. Following an era of “ cheap money” that stretched all the way back to the 2008 housing crash and Great Financial Crisis, fueling...

Commercial real estate property values will fall another 10% next year, after falling 11% this year, Capital Economics’ deputy chief property economist, Kiran Raichura, wrote in a recently released...

US office buildings are unlikely to regain their peak pre-pandemic values until at least 2040 as demand for desk space weakens, according to a forecast by Capital Economics.