Looming Real Estate Threat

Chris Risings commercial real estate company spent $35 million remodeling this historic Los Angeles building into an epic office space, and it is nearly empty. Nationwide, there's an epidemic of empty office buildings in Los Angeles, New York, and San Francisco, less than half the office space...

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Bibliographic Details
Published inCBS Mornings
Main Authors Dokoupil, Tony, Evans, Carter
Format Transcript
LanguageEnglish
Published New York CQ Roll Call 11.05.2023
Subjects
Commercial real estate
Office space
Professional basketball
Refinancing
Los Angeles California
New York
United States > US
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Summary:Chris Risings commercial real estate company spent $35 million remodeling this historic Los Angeles building into an epic office space, and it is nearly empty. Nationwide, there's an epidemic of empty office buildings in Los Angeles, New York, and San Francisco, less than half the office space is occupied, and much of it is financed with short-term bank loans.
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