Nick Corbishley

With No Mainland Chinese Buyers, Hong Kong’s Commercial Real Estate Dives

The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE.More

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Third Mega-Crisis in 12 Years: Eurozone Economy Plunges at Fastest Rate on Record

First the Global Financial Crisis, then the Euro Debt Crisis, now the Big One.More

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Non-Paying Tenants Trip Up Land Securities, Once UK’s Largest Commercial Property REIT. Stock Plunges

The industry exhorts the government to call out “can pay, won’t pay” retailers, many of them global brands that avoid paying rent despite their cash reserves.More

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Airbnb Gets Disrupted. Hosts, “Super-Hosts” Try to Survive. Apartments in Prime Locations Suddenly Flood Rental Market

Big driver behind soaring rents — the “Airbnb effect” that removed countless properties from global cities’ long-term rental markets — reverses.More

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Another SoftBank Unicorn Gets in Trouble: “Reverse Factoring” Specialist Greensill

“Its track record of disrupting traditional financing” hit by fallout from client companies that suddenly collapsed under undisclosed debts. Tentacles spread to Credit Suisse.More

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Retail Landlords Reel as Big Luxury Brands Threaten to Close Stores if Rents Aren’t Slashed

Luxury retail isn’t what it used to be, from Barcelona to Hong Kong.More

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European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level

They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters.More

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Life Under Draconian Lockdown: I Can Barely See the Light at the End of this Long, Dark Tunnel

The process of reopening Spain has been dubbed, rather ominously, “Operation New Normality.”More

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Wolf Richter Rails Against Mexican Companies that Borrow in Dollars and then Get Bailed Out When it Blows Up, Which is Now

“I want these f**kers to collapse and their CEOs thrown into a Mexican jail for having borrowed in dollars. I want shareholders and bondholders to pay the price, not the people. Let them eat their dollar-bonds.”More

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Supermarket Sales Jumped, Alcohol Sales Spiked 33% & Online Grocery Sales 100%, But “Non-Food” Sales Collapsed

How the Virus Crisis Flipped UK Retail Sales Upside Down.More

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