Blackstone has sold 1740 Broadway in New York for a $420 million loss. They purchased the property for $605 million in 2014 and it sold for just $185 million. https://twitter.com/MacroEdgeRes/status/1784277266421137831

In the last year or so, and especially picking up steam now, commercial real estate has been taking a bath. This is just one example. Huge losses that are impacting investors and more importantly pension funds. Wonder if all the state AGs are watching and waiting to sue all these companies that have caused huge losses to their pension funds? Trump's NYC case has no victims, but here there are plenty of individual investors and pension funds taking huge haircuts.