Post #372 by rnam on the Brookfield Corporation board

Stocks A to Z / Stocks B / Brookfield Corporation (BN)

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A perfect storm of plunging property values for aging buildings, weak tenant demand coming out of the pandemic and high interest rates for new loans and refinancing has left the $2.4 trillion office building sector wobbling.

For some real estate investors, that may be a good thing.

Several big office buildings nationwide — including in Manhattan — have recently sold at steep discounts of as much as 70 percent to opportunistic buyers, who are gambling that they will score big profits when prices eventually rebound.

https://www.nytimes.com/2024/06/12/business/distre...

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