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Surveillance: Hike Probability with Dutta

Bloomberg Surveillance

00:00

The BlackRock Chase's Office Building in London

The market is evolving so quickly that those class A properties may be reclassified lower going forward. So again, I think we're early in the innings of this distressed cycle. The bottom line is Goldman Sachs has a page on commercial real estate. Chanale covered that. Allison Williams alluded to that. We've got our wonderful offices at Queen Victoria Street in London. And there's a motel six I stay out across the street. It's like two blocks away. Basically it's at half its value. That seems awfully pervasive in each and every city.

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