SF Chronicle Article Today On San Francisco Office Space Market
October 3, 2008
The SF Chronicle today is featuring an article discussing the trouble San Francisco office market is facing as a result of all that is going on in the equity and debt markets. There are two key takeaways in this article. The first is that we could see a 900 basis point increase in the office vacancy rate in [...]
Read More >>Number of Problem Banks on FDIC List Grows
August 29, 2008
The FDIC issued a press release the other day discussing the number of banks on its “problems list”. According to the release, the number of problem banks grew from 90 at the end of the first quarter to 117. The amount of assets represented by these “problem banks” grew from $26B to $78B, with a [...]
Read More >>Banks To Continue Dumping Office Space
August 28, 2008
USBanker Magazine is featuring an article in its September issue discussing the impact of the current financial turmoil on office space vacancy rates. According to the article, New York’s Independent Budget Office is forecasting roughly 60,000 total job losses stemming from the credit crunch. The CEO of New York’s GVA office has estimated that as [...]
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