Unions throughout the aerospace, construction, airline and rail industries have additionally pushed for larger wages and other benefits in a tight labor market over the past two years. Some commentators have warned of an much more extreme crash coming for industrial real estate. One NBER paper estimated that total losses in the CRE space could pile as much as $160 billion. Around $541 billion of commercial real estate debt formally matured in 2023, although fallout was muted as many loans had been granted extensions, the firm said. This yr shall be when the distress brewing in industrial real estate finally reaches its breaking point, in accordance with Capital Economics.
- Over the years following its buy, GS Pacific offered off seven parcels next to the mall that the true estate firm had purchased as part of the unique buy of the huge retail and restaurant complex.
- The long-awaited growth – which