The Fed's Raising Rates Is Driving the Distressed Market

The Fed raised rates by a quarter of her percentage point last week. So office and commercial owners are likely to feel more pain, especially if they don't have rate caps on their debt and their debt is coming due. Isabella: Bob Knackall, who's one of the more famous investment sales brokers in New York agreed that rising rates have been the main driver of this really chilled market we're seeing.