#property-valuation-decline

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#philadelphia-office-market #commercial-real-estate-sales #office-to-residential-conversion
Real estate
fromInquirer.com
1 month ago

Many of Philadelphia's office buildings are plummeting in value - and it's costing the city millions

Center City Philadelphia office buildings are selling for far below previous prices and assessed values, prompting purchases by residential developers and out-of-market investors.
East Bay real estate
fromwww.mercurynews.com
1 month ago

Sale of apartment hub with hundreds of units near East Bay BART stop points to weakening market

A 358-unit Walnut Creek apartment complex sold for $190 million, 15.1% below its assessed value, indicating multifamily property values are slipping.
LA real estate
fromtherealdeal.com
1 month ago

Debt for sale: Lenders want out of Brookfield-owned DTLA office

Distressed downtown Los Angeles office and hotel properties face default, receivership, foreclosure auctions, and debt sales amid high vacancies and falling valuations.
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