A $1 Building?! - Real Estate Just COLLAPSED!
Commercial real estate just sent a massive warning signal. A historic Minneapolis office building sold for just one dollar after previously trading for over $4 million. In this episode of i Allegedly, we break down what this means for banks, investors, commercial landlords, and residential housing. With one in seven escrows now canceling and real estate agents exiting the business at record levels, the so-called recovery story isn’t matching reality.We also look at a $940 million office loan default, condo overbuilding in Orange County, retail closures, and what’s really happening beneath the…
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