NYC CRE shit
NYC CRE shit
@cretwit.bsky.social
In NYC CRE for 15+ years in various roles from broker to asset manager, to lending, to equity raising
This just tells me you have occupancy problems
October 30, 2023 at 11:41 PM
As someone in CRE finance my whole career, it’s so wild to me that they didn’t have any clauses to take over control if musk is making terrible decisions?
They just have to stand by and watch him burn it down?
None of his shenanigans is an event of default?
October 25, 2023 at 3:53 PM
As someone in CRE finance my whole career, it’s so wild to me that they didn’t have any clauses to take over control if musk is making terrible decisions?
They just have to stand by and watch him burn it down?
I wonder when the loan matures.
October 25, 2023 at 3:50 PM
Feels to me like a bubble is about to burst.
Rudin putting 80 Pine on the market with whispers of $200mm?
That’s reportedly $167/psf.
Is that the new comp for fidi office? What are all those fidi office owners with loans at $300+/psf doing when the loan matures?
Walking away?
October 24, 2023 at 6:20 PM
Stripmallguy: uh, cap rates are up REtwits: [break into wild applause, just absolutely losing their fucken minds]
October 17, 2023 at 9:34 PM