Distress in commercial real estate could rattle the rest of the nation’s financial system—an alarm quietly sounded by The Federal Reserve. The warning about the sector appears in the minutes from its meeting at the beginning of the month, which were just released. CLICK ON THE HEADLINE FOR MORE
A period of record growth was fueled by inbound migration, strong consumer spending and record low interest rates — all of which drove billions of dollars invested in the development of millions of square feet of commercial real estate. Much of this was brought on by the pandemic. Now, the pandemic has subsided and the South Florida CRE market has come to a moment of reckoning. Or has it? CLICK ON THE HEADLINE FOR MORE
