bnwtwg t1_j9u8tug wrote on February 24, 2023 at 4:31 PM

Reply to comment by RockyattheTop in Return to Office - My experience & rationalization. by [deleted]

What company are you referring to? Not seeing anything on Reuters or a quick google search.

iratecommenter t1_j9viwkj wrote on February 24, 2023 at 9:25 PM

I think he's talking about Brookfield's situation with the gas company tower and 777 Wilshire in LA

ShltShowSam t1_j9v9uuq wrote on February 24, 2023 at 8:27 PM

Look up the Evergrande collapse in China. This has been going on for multiple years in various countries and everyone is doing everything they can to keep the panic from spreading.

https://medium.datadriveninvestor.com/is-china-going-to-collapse-7525ea90a122

There is a strong US correlation since many US investment firms bet on speculative Chinese real estate. That’s $300 billion USD gone.