Office Tower SOLD FOR $1 – US Commercial Property Collapses As Pension Fund Panic Sells

Office Tower SOLD FOR $1

The US commercial real estate crisis just got worse with a pension fund selling its Manhattan building for one dollar! As interest rates continue to hammer on commercial property, more banks and funds are at huge financial risk. Here’s why the CRE collapse isn’t over and why banks might be taking a brutal hit soon.
Credit to : Sean Foo