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25.05.26 - 05:00
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Property challenges put Chinese firms′ go-global plans at risk, JLL says (SCMP)
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Chinese companies have found it difficult to secure offices, logistics facilities and retail space when expanding their footprints abroad, forcing some to put their global expansion plans on hold due to failed property strategies, according to a JLL report.
The real estate services firm said 82 per cent of corporate respondents in a survey reported either paying more than expected to buy or rent properties, or wasting time in failed searches or prolonged furnishing, representing a stern......
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24.05.26 - 15:21
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With Commercial Real Estate Still Challenging, Lenders Offload Troubled Loans At A Loss (ZeroHedge)
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With Commercial Real Estate Still Challenging, Lenders Offload Troubled Loans At A Loss
Authored by Mary Prenon via The Epoch Times (emphasis ours),
While leasing activity and vacancy trends suggest the U.S. commercial real estate market is stabilizing, office values are still well below post-pandemic peaks, recent reports show.
The San Francisco skyline on Jan. 20, 2023. Patrick T. Fallon/AFP via Getty Images
As owners scramble to make payments on under-occupied office buildings, many lenders are reluctant to foreclose to avoid the headache of taking ownership and reselling the properties, according to David Marino, cofounder of Hughes Marino, a San Diego-based corporate real estate advisory firm.
According to Cushman and Wakefield, a global commercial real estate services company, national office sublease inventory in the first quarter declined by 13.6 percent year over year, to 101 million square feet, while vacancy may have peaked. Sublease space peaked in January 2023, at 189 million squa...
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