The Real Estate Reckoning: Has the Industry Finally Found its Footing?
In a recent earnings call, a high-ranking executive at investment behemoth Blackstone made a bold declaration: the commercial real estate market has finally hit rock bottom. Jonathan Gray, the company’s president and chief operating officer, voiced his optimism in January, suggesting that the industry’s darkest days may be behind it. His sentiments were soon echoed by other prominent figures in the commercial real estate (CRE) sector, many of whom have been grappling with troubled assets in their portfolios.
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