The bank just made a very good deal.
Someone likely found a better situation to launder their money.
Soviet 70s chic is not popular? Who knew?
-Homer and Jethro
Set up a profitable one million square foot migrant housing facility. Uncle Sugar will pay the rent.
I hope that’s sarcasm, but I can’t be sure.
REO for pinnacle bank on the cheap
It’ll come back in Dallas little sis soon enough
We TARPed Nashville based pinnacle bank from certain oblivion in 2008when they were done for (I’m friendly with a top five in that bank and I bitch to him too)
Nobody tarped Opal
holdings out of debt
Funny how that works isn’t it
The vacancy rate in the Dallas-Fort Worth office market hit 25.8% in the first quarter
I wonder what it is in America’s top 30 Cities....
NYC
DC
Chicago
Dallas
LA
SFO
Philly
etc....
WWW.bidenomics.com
Too many commercial real estate towers in big cities are averaging 50% vacancy. This is not sustainable. These properties are highly leveraged. The owners traditionally make their money by borrowing on the equity and flipping properties. Works well when demand was high and rents and values seemed to always increase.Problem is now there is not enough rental income to cover the loans and interests rates are rising. Banks are hurting, urban real estate taxes are down as is ridership on most urban public transportation networks. The silicon chip has made central, urban commercial centers non essential. You can conduct most business from anywhere.
Not even relatively conservatives regions are immune to Bidenomics.
138 million to 12 million in just the 3 years of Bidenomics.
Coming soon to the largest city in the State of New York.
They paid $138 mil for this at a time when most people were still working remotely? Idiots.