The Fed's Raising Rates Is Driving the Distressed Market

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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.

As distress descends on commercial real estate, Deconstruct analyzes how past financial crises can inform how borrowers, banks and policy makers handle this down cycle. Guests include: Bob Knakal, JLL Senior Managing Director, Head of New York Private Capital Group; and Sam Chandan, Professor of Finance and Director of the Chao-Hon Chen Institute for Global Real Estate Finance at the New York University Stern School of Business.