A Wave of Distressed Real Estate is on its Way, Says NAI’s Jay Olshonsky


A Wave of Distressed Real Estate is on its Way, Says NAI’s Jay Olshonsky


The commercial real estate industry is still managing the COVID-19 pandemic and the heavy toll it has enforced on the national economy. The National Bureau of Economic Research declared in early June the U.S. economy was officially in a recession, less than three months after government-mandated shutdowns began en masse.

Jay Olshonsky, president and CEO of New York-based NAI Global, says the sudden economic impact of the pandemic on the commercial real estate industry has already exceeded the global financial crisis...
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RSK: Not painting a pretty picture here are they.

We will need to get investor money into the market because as this continues banks are going to tighten up...

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- - Volume: 8 - WEEK: 39 Date: 9/22/2020 8:25:35 AM -