Deloitte Touche Tohmatsu, one of the world’s so-called “Big Four” accounting and business consulting firms, is giving up a 185,000-square-foot building in New Street Square, a prestigious office address in the heart of London, the company has announced. Deloitte also decided not to reopen another London office; it closed early in the COVID era and...
66 search results for: Deloitte Abandons More London Office Space
TOP TREND 2023: OFFICE BUILDING BUST
Buildings constructed for life sciences companies—decked out with labs, clean rooms, sensitive ventilation systems, and other custom details—were prime investments as the COVID War raged.
TOP TREND 2023, OFFICE BUILDING BUST: DESPITE RECORD VACANCIES, NEW YORK CITY’S OFFICE BUILDINGS RISE IN VALUE
Even with a vacancy rate just below 25 percent, the assessed value of Manhattan’s office buildings has crept up from $202.3 billion to $204.8 billion since July 2020, when the COVID War sent workers home and market values sliding.
SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
Deutsche Bank will see loan losses equivalent to 0.30 percent of the value of its loan portfolio this year, the bank said last week. Earlier, it had warned of losses that could be as low as 0.25 percent.
TOP TREND 2023, OFFICE BUILDING BUST: COMMERCIAL REAL ESTATE BUST UNDERMINING BOND DEALS
Thanks to the tumbling values of commercial properties, defaults are on the rise in a sector of the debt market known as single-asset, single-borrower bonds (SASBs).
TOP TREND 2023, OFFICE BUILDING BUST: SPECULATORS BUY TROUBLED OFFICE BUILDINGS AT BARGAIN PRICES
As the market for office buildings crashes, speculators are now buying select properties they think will rebound in value when the crash hits bottom.
TOP TREND 2024, BANKS GO BUST: MORE BANK FAILURES AHEAD
It is old news for Trends Journal subscribers, but it is just making the “news” now. More U.S. regional banks are due to fail because of their “very high” concentration of teetering commercial real estate loans...
TOP TREND 2023, OFFICE BUILDING BUST: LATE PAYMENTS, FORECLOSURES CLIMBING AMONG OFFICE BUILDING LOANS
In May, the proportion of late-paying loans on U.S. office buildings rose to 7 percent, almost doubling from 4 percent a year earlier, data service Trepp reported.
TOP TREND 2023, OFFICE BUILDING BUST: PENSION FUNDS STUNG BY OFFICE BUILDING BUST
Government pension funds are hemorrhaging money as the office buildings they invested in are crashing in value.
TOP TREND 2023: OFFICE BUILDING BUST
For the first time since the Great Recession, highly-rated bonds backed by commercial real estate loans are beginning to see losses.