Last week, federal bank regulators sold Silicon Valley Bank’s assets with a book value of $72 billion but they only fetched $55.5 billion from buyer First Citizens Bank, roughly 77 cents on the dollar.
66 search results for: Deloitte Abandons More London Office Space
TOP TREND 2023, OFFICE BUILDING BUST: MAJOR RETAILERS FOLLOW COMMUTERS OUT OF CITY CENTERS
More fallout from the work-from-home revolution: retail chains that catered to commuters in urban centers are shutting their downtown stores and moving out to smaller suburban locations.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The transition to remote and hybrid work will drive U.S. office vacancies 55 percent above pre-COVID levels and leave 1.1 billion square feet of office space unused by 2030, according to a new study by real estate services firm Cushman & Wakefield.
Top Trend 2023: Office Building Bust
A quarter of white-collar businesses in London, England, are reducing their office space as their workforces go remote and another 18 percent are moving to shared or co-working locales, a Bloomberg Intelligence survey found.
BOSSES’ DILEMMA: HOW TO COMPEL WORKERS BACK TO THE OFFICE
As many as one in three U.S. employees labored at home during the COVID War. Work got done, even though managers were unable to keep eyes on their staff. For many, that autonomy will continue. Of 91 companies surveyed by real estate consulting firm Cushman & Wakefield, 78 have adopted hybrid work models, enabling employees...
ECONOMIC UPDATE – MARKET OVERVIEW
What in the world is going on? Go to the Financial Times, Wall Street Journal, CNN, BBC, etc., and read all about it.
TOP TREND 2024: BANKS GO BUST
The biggest U.S. banks are reporting their second-quarter earnings and investors and analysts are watching to see how the megabanks have weathered high interest rates and the continuing slide in the value of commercial real estate loans.
TOP TREND 2024: BANKS GO BUST
Wall Street banks are continuing to try to sell their troubled commercial real estate loans as office occupancy rates remain halved from pre-COVID levels and the value of office buildings slides, The New York Times reported.
ECONOMIC UPDATE – MARKET OVERVIEW
The facts are in the numbers. As we had forecast, after being artificially propped up to fight the COVID War with zero interest rates and trillions of dollars of fake money backed by nothing and printed on nothing, following the post-COVID spike, the U.S. economy is slowing down.
ECONOMIC UPDATE – MARKET OVERVIEW
The worst is yet to come and it is coming soon. Week after week, for 85 weeks, we have been reporting on job losses in The Trends Journal. As the saying goes, “The fish rots from the head down.”