The Flat Iron Building Sells at Auction

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The flat iron building was bought for $190 million at an in-person auction. Regulators are still overseeing $61 billion worth of Signature's loans, which they could either sell as a whole to another bank or buyer. But we likely won't know what's going on until the FDIC drops another press release.

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.