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Office Tower Deal for $1 Reveals Anxiety Among Longtime Buyers

Office Tower Deal for $1 Reveals Anxiety Among Longtime Buyers
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CPPIB s $1 office tower deal uncovers anxiety among longtime buyers

CPPIB has done 3 deals on office real estate at discounted prices, raising worries other major investors may move to exit turmoil. Read on.

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Commercial real estate: Canadian pension plan dumps Manhattan project for $1

“It’s the opposite of a vote of confidence for office,” said John Kim, an analyst tracking real estate companies for BMO Capital Markets.

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$1 office tower deal reveals anxiety over office real estate

$1 office tower deal reveals anxiety over office real estate
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CPPIB s $1 office tower deal uncovers anxiety among longtime buyers

CPPIB s $1 office tower deal uncovers anxiety among longtime buyers
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