Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Yesterday, Jon Gray, the president of Blackstone, declared that the office property market had bottomed. This proclamation was noteworthy since it came from the largest commercial real estate owner in the world. Unfortunately, commercial mortgage backed securities delinquency data from Trepp illustrated that the office market has not stabilized.
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