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What Commercial Real Estate Stress Means for Banks and Bond Funds
Odd Lots
The Income Stress in New York City
Since mid-March, it's been very quiet. No meetings and just no conversations with our clients there or with the regulators either. The income stress has mostly been a story of properties where the previous economic justification from is evaporating. Offices today are in some cases much like the malls in the past. But the other property types, it's not as extreme on the income uncertainty.
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