RXR CEO Scott Rechler Commercial Real Estate Update

Interview with RXR CEO Scott Rechler. He points out many of the issues I've discussed in the past few months. A detailed overview as well as my commentary can be found below.

"A trillion dollars of commercial loans are coming due this year". 

"The slow motion train wreck hasn't 'left the station". 

"The challenges haven't been dealt with".

Occupancy rates down 20% on office space. 

"There has to be acknowledgement of prices. The values being used by banks are in flux. 

The smaller and regional banks are facing the biggest hurdle. 

Banks referenced include KeyCorp (KEY), ZIONS Bancorp (ZION), M&T Bank (MTB), PNC Financial (PNC). 

WEITZ: Mr. Rechler always brings a great, well thought out honest take. There is nothing here that I would disagree with. Its going to take awhile for all of this to play out.

For more information on investing in Snohomish County Real Estate, consider contacting a Snohomish County Commercial Real Estate Broker. 

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