Manhattan Office Vacancy Hits Record As Marquee LA Office Tower Sells At 50% Loss

Manhattan Office Vacancy Hits Record As Marquee LA Office Tower Sells At 50% Loss:

It’s not as if the trade we defined as the “Big Short 3.0″ needed help to plumb fresh record lows (as it has been doing virtually every day in the past month, see “New “Big Short” Hits Record Low As Focus Turns To $400 Billion CRE Debt Maturity Wall“), but it’s getting it anyway courtesy of an unexpected source.

While it is common knowledge by now that lower-tier and suburban office markets as entering the nine circles of hell…

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