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316. March CRE Madness: Transitory Bounce, Retail Rebound, FOMC Meeting & Trading Alerts
The TreppWire Podcast: A Commercial Real Estate Show
The Fall of Midtown Property Values
This chapter explores the dramatic devaluation of a retail property in Midtown Manhattan, highlighting the drop from $470 million in 2016 to $48 million in 2024. It discusses the contributing factors such as high vacancy rates, tenant bankruptcies, and market conditions exacerbated by the COVID-19 pandemic.
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