In June, one of New York’s most prominent real estate owners ceased making payments on a $240 million loan and instead handed back the keys to 61 Broadway, an iconic building near Wall Street with 40 stories of office space.
30.08.2023 | 06:10 Uhr
It was the latest in a succession of major institutional owners choosing to walk away from trophy buildings and costly mortgages as they wrestle with post-pandemic changes in workplace habits. But beyond the headlines, the story of global real estate is more nuanced.
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