As of November 17, 2023, Lee Shau Kee dominates the real estate industry’s financial landscape with a staggering net worth of US$27.0 billion, securing his position as the wealthiest individual…
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Commercial real estate
Commercial real estateMarket ReportUSA
Resilient Rise: U.S. Real Estate Market Defies Global Contraction
by Editor
The global landscape of commercial real estate is undergoing a transformation, witnessing a contraction in size. In the year 2022, the professionally managed global real estate market experienced a reduction…
Commercial real estate
McKinsey Report Warns That Office Property Valuations Could Plummet by US$800 Billion Due to Hybrid Work
by Editor
Report states that global cities continue to see a 30% reduction in office turnout compared to 2019 With more businesses adopting the hybrid work model, office spaces aren’t expected to…
In case it does, Bloomberg reported that well-known lenders for commercial real estate, particularly offices, are looking at selling their loans in low-demand areas like New York. Among them are…